ECB leaves rates on hold at 1%

Eurozone official interest rates were left unchanged on the 8 April 2010 as the European Central Bank prepared its response to the escalating crisis over Greece’s public finances.

The ECB said its main interest rate would stay at 1% for an 11th consecutive month. With eurozone growth and inflation remaining moderate, the announcement had been widely expected.

ECB: Press Release, 8.4.10: Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB Frankfurt am Main, 8 April 2010 http://www.ecb.int/press/pressconf/2010/html/is100408.en.html

ECB: Press Release, 8.4.10: Monetary policy decisions, April 2010 http://www.ecb.int/press/pr/date/2010/html/pr100408.en.html

ECB: Press Release, 8.4.10: ECB introduces graduated valuation haircuts 
for lower-rated assets in its collateral framework 
as of 1 January 2011 http://www.ecb.int/press/pr/date/2010/html/pr100408_1.en.html

BBC News, 8.4.10: ECB keeps eurozone interest rates at 1% http://news.bbc.co.uk/1/hi/business/8609436.stm

ESO: Background information: Eurozone rates held at 1% for 10th month http://www.europeansources.info/record/eurozone-rates-held-at-1-for-10th-month/

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