European Central Bank leaves lending rates unchanged amid pandemic

The European Central Bank has left interest rates across the eurozone unchanged, at their current record lows.

This means the headline rate remain at 0.0%.

The ECB said: “The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.”