- 3 updates
The European Central Bank has lowered its benchmark interest rate to 0.25% from 0.5% - a new record low.
The Bank of England kept interest rates at 0.5% today.
The Bank also left the scale of its quantitative easing (QE) programme to boost the money supply unchanged at £375 billion.
Latest ITV News reports
Investors have been taken by surprise by the ECB cut in interest rates to 0.25% - a record low.