Draghi denies calls for rate cut as ECB holds again
The president of the European Central Bank (ECB) Mario Draghi today (January 10) insisted that the ECB governing council's decision to hold the benchmark interest rate at 0.75% was unanimous, despite some expectations of a cut before it met this morning.
This is the sixth month in a row that the ECB has held rates, and Draghi firmly denied there was any demand to drop rates among the council members.
In a press conference following the ECB's announcement, the bank president revealed year-on-year
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