At a meeting held today, the Governing Council of the European Central Bank 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 1.00%, 1.75% and 0.25% respectively.

Also today, the Bank of England has surprised the financial markets by extending its radical plan to print money by £50 billion, indicating that the Bank believes a robust recovery is far from assured.

Permalink: ECB interest rates unchanged and Bank of England announces additional £50 bn to be printed