- CNTV English - CCTV News

ECB keeps interest rates at 1%

07-09-2010 08:41 BJT Special Report:Europe's Debt Crisis |

Watch Video

Play Video

The European Central Bank is keeping its interest rates unchanged at 1 percent - as expected. Its aim is to keep lending rates low to try and stimulate the economy, following the global credit crisis.

The bank's president, Jean-Claude Trichet, expects the euro zone's economic recovery to be 'moderate and uneven'. He also welcomed the decision to publish the results of the so called 'stress tests' on European banks.

More than 90 banks are taking part, which is aimed at restoring confidence in the sector. The results are due to be published on July 23rd. The Bank of England also decided to keep interest rates unchanged at half a per cent. It's the 16th straight month interest rates have been so low.

Editor:Zhang Jingya |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program