The ECB Keeps Rates on Hold as They Wait For Spain to Decide if They Need a Bailout

“The European Central Bank kept interest rates on hold today as President Mario Draghi waits for Spain to decide if it needs his help.

Policy makers meeting in Ljubljana, Slovenia, left the benchmark rate at a historic low of 0.75 percent, as predicted by 48 of 52 economists in a Bloomberg News survey. Four forecast a cut to 0.5 percent. Draghi will brief reporters on the decision, taken at one of the ECB’s twice-yearly meetings outside Frankfurt, at 2:30 p.m.”

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