ECB: No Rate Hikes Imminent

The European Central Bank and the Bank of England are keeping benchmark interest rates low, on tentative signs of economic recovery

As expected, the European Central Bank kept its benchmark interest rate, the refinance rate, unchanged at 1.00% on Oct. 8. Meanwhile the Bank of England kept its benchmark repurchase rate steady at 0.5% and left its asset purchase target steady at £175 billion.

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