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European Central Bank keeps benchmark interest rate unchanged

05-06-2011 09:25 BJT

HELSINKI, May 5 (Xinhua) -- The European Central Bank as expected on Thursday kept its benchmark interest rate of 1.25 percent unchanged at a meeting of the 23-member governing council.

The bank last month raised the key rate from a record low of 1 per cent, the first increase in almost three years.

The Governing Council of the European Central Bank meeting was hosted by The Bank of Finland, which is celebrating the 200th anniversary of its founding.

The council normally meets in Frankfurt, but travels to a different eurozone state twice a year to underline the ECB's role as the eurozone's common central bank.



Editor:Du Xiaodan |Source: Xinhua

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