ECB expected to hold rates at 0.75%

The euro-zone recession shows preliminary signs of bottoming out, while the region’s nearly three-year-old debt crisis has moved to the back burner for investors.

So it appears unlikely the European Central Bank or its president, Mario Draghi, will announce any major initiatives on Thursday.

That means the ECB is unlikely for now to cut its key lending rate from a record low 0.75% or to drop the 0% deposit rate it pays on money left with the institution overnight into negative territory.

Via – MarketWatch

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