Subscribe Register Login

Escaped murderer Buffington recaptured

Thursday, September 18, 2014, 12:48 p.m.
Top Picks - Capture Arkansas

ECB leaves rates at record low as Europe struggles

By The Associated Press

This article was published January 10, 2013 at 8:06 a.m.

— The European Central Bank has left its benchmark interest rate unchanged at a record low of 0.75 percent even though the economy in the euro area remains stuck in recession.

Markets were waiting to hear ECB head Mario Draghi talk about his outlook for the economy at a news conference later Thursday.

The bank held off cutting rates after recent economic survey data supported its position that the economy in the 17 European Union member countries that use the euro will recover gradually this year.

The bank sets monetary policy for the eurozone and its 333 million people.

The ECB last month slashed its economic forecast for this year from 0.5 percent growth to a decline of 0.3 percent, with growth resuming only later in the year. Some indicators of business optimism, such as eurozone surveys of purchasing managers and Germany’s Ifo institute survey of 7,000 business executives, have risen recently.

Comments on: ECB leaves rates at record low as Europe struggles

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Carriers wanted

    earning from $800 to $1,100 per month for a few hours each ...
    Texarkana, AR

  • Cdl truck drivers

    truck driversredstone Construction seeks part time and or Te...
    LITTLE ROCK, AR

  • Transcriptionist/coder

    memorial hospital Stilwell, OK We have recently added more P...
    STILWELL, Ok

  • Groundskeeping/wareh

    ouse/Delivery Driver at Comfort Systems USA (Arkansas) Inc M...
    LITTLE ROCK, AR

  • Orthodontic assistan

    tFull time assistant needed for a busy Orthodontic practice....
    LITTLE ROCK, AR

Search 856 jobs >

Top Picks - Capture Arkansas
Arkansas Online