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Added on the 02/12/2015 14:54:54 - Copyright : Reuters EN
European Central Bank president Christine Lagarde says interest rates will stay at their current record low levels until it sees inflation "durably" reaching the bank's new target of two percent. IMAGES
Tensions in the Middle East and shipping disruptions in the Red Sea could push eurozone inflation higher again, European Central Bank president Christine Lagarde warns at a press conference in Frankfurt. SOUNDBITE
European Central Bank President Christine Lagarde announces that ECB European Central Bank left its key interest rates unchanged again. The third consecutive pause since October was widely expected, and leaves the benchmark deposit rate at a record high of four percent. SOUNDBITE
European Central Bank governors did not "discuss rate cuts at all" at their meeting on Thursday, president Christine Lagarde says, as the institution freezes borrowing costs again. "We did not discuss rate cuts at all. No discussion or debate on this issue." Lagarde tells a press conference, as the central bank seeks to douse growing market hopes of early drops in interest rates next year. SOUNDBITE
European Central Bank President Christine Lagarde says the institution will freeze borrowing costs again on Thursday but warns that inflation could pick up again in the near term, in an apparent pushback against market hopes of early rate cuts in 2024. It is the second time in a row the central bank has held rates, following a run of historic hikes to tame runaway price rises. SOUNDBITE