European Central Bank Leaves Rates Unchanged

“There was no discussion. So it was a unanimous decision about interest rates,” said ECB President Mario Draghi at the press conference.
European Central Bank Leaves Rates Unchanged
Health workers protest outside the Health Ministry in Athens, Greece, Oct. 4, against the latest round of austerity measures, which the government is negotiating with its creditors: the EU, the IMF and ECB. The ECB left interest rates unchanged yesterday and signaled it is ready to bail out Italy and Spain, but that would also be contingent on Greek-like austerity measures. (Aris Messinis/AFP/GettyImages)
Valentin Schmid

Valentin Schmid is the business editor of the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.