European Central Bank keeps key interest rate on hold

Friday, 20 January 2017 - 6:39

European+Central+Bank+keeps+key+interest+rate+on+hold

The European Central Bank (ECB) has kept its main interest rate unchanged at zero for another month.

The decision by the eurozone central bank's 25-member governing council to leave its benchmark borrowing rate on hold had been expected.

It was also decided not to change the ECB's bond-buying stimulus scheme, which was extended last month amid worries about economic growth.

ECB head Mario Draghi said the eurozone economy is stronger, but still fragile.

 



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