ECB Leaves Interest Rates Unchanged - Newschannel 6 Now | Wichita Falls, TX

ECB Leaves Interest Rates Unchanged

BERLIN (AP) - The European Central bank has left its key interest rate unchanged at 1.5 percent.

Many economists think the bank has only postponed a cut to stimulate the eurozone's economy, which shows signs of a slowdown. They think a cut will come later this year.

Markets are now waiting to see if bank President Jean-Claude Trichet will use his last news conference Thursday before retiring to announce new credit offerings to steady Europe's shaky banking system.

Banks are threatened with losses from a potential default on government debt by Greece since some of them hold those bonds. That has made banks afraid to loan money to each other for fear they will not be paid back.

Some banks are struggling to fund their day-to-day operations and remain dependent on last-resort loans from the ECB.

  • News HeadlinesNewsMore>>

  • Trump says Cohen represented him in "Stormy Daniels deal"

    Trump says Cohen represented him in "Stormy Daniels deal"

    Thursday, April 26 2018 9:18 AM EDT2018-04-26 13:18:48 GMT
    Thursday, April 26 2018 11:02 AM EDT2018-04-26 15:02:32 GMT
    President Donald Trump says his personal attorney Michael Cohen represents him 'with this crazy Stormy Daniels deal' and that 'from what I see he did absolutely nothing wrong.' (Source: CNN)President Donald Trump says his personal attorney Michael Cohen represents him 'with this crazy Stormy Daniels deal' and that 'from what I see he did absolutely nothing wrong.' (Source: CNN)

    President Donald Trump says his personal attorney Michael Cohen represents him "with this crazy Stormy Daniels deal" and that "from what I see he did absolutely nothing wrong."

    President Donald Trump says his personal attorney Michael Cohen represents him "with this crazy Stormy Daniels deal" and that "from what I see he did absolutely nothing wrong."

  • Macron resists Trump's 'America first' in speech to Congress

    Macron resists Trump's 'America first' in speech to Congress

    Wednesday, April 25 2018 11:30 AM EDT2018-04-25 15:30:41 GMT
    Thursday, April 26 2018 10:02 AM EDT2018-04-26 14:02:10 GMT
    (AP Photo/Pablo Martinez Monsivais). French President Emmanuel Macron gestures as he is introduced before speaking to a joint meeting of Congress on Capitol Hill in Washington, Wednesday, April 25, 2018.(AP Photo/Pablo Martinez Monsivais). French President Emmanuel Macron gestures as he is introduced before speaking to a joint meeting of Congress on Capitol Hill in Washington, Wednesday, April 25, 2018.
    French President Emmanuel Macron extolled the "special bond" between the United States and France during his speech in front of a joint meeting of Congress.
    French President Emmanuel Macron extolled the "special bond" between the United States and France during his speech in front of a joint meeting of Congress.
  • Drunken mom accused of letting kid drive, police say

    Drunken mom accused of letting kid drive, police say

    Thursday, April 26 2018 9:29 AM EDT2018-04-26 13:29:18 GMT
    Thursday, April 26 2018 9:32 AM EDT2018-04-26 13:32:22 GMT

    Sheboygan County sheriff`s deputies arrived and pulled her over. Hauke denies her 12-year old daughter was in her lap, steering the car. Dashcam video shows she also was reluctant to speak with deputies.

    Sheboygan County sheriff`s deputies arrived and pulled her over. Hauke denies her 12-year old daughter was in her lap, steering the car. Dashcam video shows she also was reluctant to speak with deputies.

Powered by Frankly