The European Central Bank announced that it would keep its keep rates low, in the face of one of the worst recessions in the region’s history. GDP is falling in most countries. Unemployment in the Euro ares stands at 12.5%–a record. And, that rate is much higher in crippled nations which include Spain, and among people under 25.
The ECB announced:
At today’s meeting the Governing Council of the ECB 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 0.50%, 1.00% and 0.00% respectively.
ECB President Mario Draghi said, in a press conference that risks to the area’s economy remain that GDP could contract further, and that the ECB will do what is necessary to aid the region as its troubles persist
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
