ECB's Guy Quaden says no rate rise

The ECB has no plans to raise its interest rates, European Central Bank Governor Guy Quaden told L'Echo on Saturday 12 August.

In an interview with the Belgian newspaper, the Mr Quaden, a member of the ECB's governing council, said that the central bank is hardly likely to leave interest rates at current low levels forever, "but that does not mean that the European Central Bank has already programmed an increase of its rates."

The interest rate for the eurozone has been at a historical low of

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