BREAKING NEWS

BREAKING NEWS

ECB holds on rate while launching OMTs

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ECB holds on rate while launching OMTs

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The European Central bank has surprised no-one by keeping interest rates at three quarters of a percent. The ECB wants to be sure the record low rate is reaching businesses and households across the EU before going any further. So for now it will be using its new instrument, Outright Monetary Transactions, bond buying to you and me.