fxcentre pro confirm and view deals & payments online
ECB holds rates, uncertainty ahead
Thursday, 2nd August 2012 03.06pm
Euro zone economic growth is weak and uncertainty about the outlook is weighing on confidence in the bloc, European Central Bank President Mario Draghi said today after the ECB kept interest rates on hold.
"Economic growth in the euro area remains weak," Draghi told a news conference in his introductory statement after the ECB held its main interest rate at a record low of 0.75 percent.
He also said the euro crisis would not destroy the currency bloc.
The above information has been taken from sources we believe to be reliable and trustworthy. However the accurateness and completeness thereof are not guaranteed and therefore should not be relied upon as such. AIB does not endorse or approve the content of any information from third party sites nor will it have any liability in connection with any third party site (including but not limited to liability arising out of any allegation that the content of or information on any third party site infringes any law or the rights of any person or entity)
