Dublin: 03.09.2010 10:27 AM

Breaking News

All eyes were on Federal Reserve chief Ben Bernanke's speech at Jackson Hole, Wyoming on Friday. Source: Associated Press
Video clip sourced from http://www.youtube.com
Former Hill & Knowlton CEO and communications guru Robert Dilenschneider on the power of content, and on the nature of power.

Leadership

ECB leaves interest rates unchanged

02.07.2009
As had been widely predicted, the European Central Bank (ECB) has decided to maintain interest rates at 1pc during the meeting of its Governing Council in Luxembourg today.

In a short statement, the ECB announced it had decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1pc, 1.75pc and 0.25pc respectively.

Analysts were predicting no change on the main base rate of 1pc, which, as a mark of the severity of the economic crisis now stands at the lowest it has ever been.

Attention will now focus on ECB President Jean-Claude Trichet when he explains the Governing Council’s decisions at a press conference this lunchtime, and analysts will be watching closely to see if he gives any indication as to whether or not interest rates will be dropped further later on in the year.

The ECB has now cut the main interest rate seven times since October 2008, with the most recent cut to 1pc taking place in May.

 

Events Calendar

<< < September 2010 > >>
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30
 
 

Top Reports

Leadership Magazines

Irish Director Magazine Cover

Irish Director

Irish Director is the definitive magazine for leaders and senior decision makers in Ireland. Produced in association more..
Owner Manager Magazine Cover

Owner Manager

Owner Manager is the latest title from the BusinessandLeadership.com stable. It is the only magazine in Ireland to more..
Marketing Age Magazine Cover

Marketing Age

Marketing Age is the definitive voice of the marketing industry in Ireland. Aimed at decision makers, marketing more..
Knowledge Ireland Magazine Cover

Knowledge Ireland

Knowledge Ireland is a ground-breaking quarterly magazine from our sister brand siliconrepublic.com, unique in its more..

Site design by Whitespace Publishing. Web development and hosting by Tibus Ireland | powered by HandsOn