Thursday, 3 October 2013

ECB interest rates unchanged, US employment increases

The European Central Bank left its main refinancing rate unchanged at 0.5 percent on Wednesday.

The decision was made even as President Mario Draghi said that credit flows in the euro area are still “very weak”.

“We’ll remain particularly attentive to developments which may have implications to monetary policy and consider all available instruments,” Draghi told a press conference after the ECB monetary policy meeting.

Meanwhile, in the US, private employment continued to increase in September. A report from ADP showed that companies added 166,000 workers last month, up from 159,000 in August.

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