“The European Central Bank may refrain from cutting interest rates any further after its pledge to buy government bonds lowered borrowing costs and boosted confidence that the euro area can emerge from recession next year.
ECB policy makers meeting in Frankfurt today will hold the benchmark rate at a record low of 0.75 percent, according to 56 of 61 economists in a Bloomberg News survey. They will leave the rate there through 2013 and into 2014, a separate survey shows. A month ago, the median forecast was for a rate cut next year.”
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