The euro area interest rates remain stable for the eighth consecutive session. The European Central Bank decided today to leave rates on hold at the historic low of 1%.

The ECB announcement is as follows:

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.

Source:  www.stockwatch.com.cy (14/01/2010)