Economy

European Market Insight: ECB Keeps Rates on Hold

The European Central Bank elected to keep rates steady as the sovereign debt crisis seems to be easing.
European Market Insight: ECB Keeps Rates on Hold
Mario Draghi, President of the European Central Bank (ECB), speaks to the media following a meeting of ECB leadership at the European Central Bank on Jan. 10 in Frankfurt. Hannelore Foerster/Getty Images
Valentin Schmid
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Mario Draghi, President of the European Central Bank (ECB), speaks to the media following a meeting of ECB leadership at the European Central Bank on Jan. 10 in Frankfurt. (Hannelore Foerster/Getty Images)
Mario Draghi, President of the European Central Bank (ECB), speaks to the media following a meeting of ECB leadership at the European Central Bank on Jan. 10 in Frankfurt. Hannelore Foerster/Getty Images

The European Central Bank kept the main refinancing rate steady at 0.75 percent. According to ECB president Mario Draghi, there are no immediate risks in Spain and Italy.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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