Top News | Mar 7, 2014
European Central Bank sees long lasting period of low inflation
The European Central Bank kept interest rates unchanged at a record low of 0.25%, as expected. The central bank will wait for more information before deciding whether to act against the threat of deflation. ECB President Mario Draghi reiterated his committed to keep interest rates low for “an extended period” to shore up the economy’s recovery, while deflation risks should abate.