{"id":36008,"date":"2013-02-07T08:05:26","date_gmt":"2013-02-07T13:05:26","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=36008"},"modified":"2013-02-07T08:05:26","modified_gmt":"2013-02-07T13:05:26","slug":"ecb-holds-key-rate-steady-at-0-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/02\/07\/ecb-holds-key-rate-steady-at-0-75\/","title":{"rendered":"ECB holds key rate steady at 0.75%"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> &nbsp; &nbsp; The European Central Bank (ECB) held its benchmark refinancing rate steady at 0.75 percent, as widely expected, and said it would comment on the decision at a press conference later today.<br \/>&nbsp; &nbsp;&nbsp;The euro area&#8217;s economy shrank for the second quarter in a row in the third quarter as the Gross Domestic Product&nbsp;of the 17 nations that share the single currency contracted by 0.1 percent following the second quarter&#8217;s 0.2 percent quarterly contraction.<br \/>&nbsp; &nbsp; On an annual basis, GDP shrank 0.6 percent in the third quarter, following contractions of 0.5 percent in the second and 0.1 percent in the first quarter.<br \/>&nbsp; &nbsp; Meanwhile, the headline inflation rate fell to 2.0 percent in January after remaining above<br \/>that level for the last two years. The ECB targets inflation of below, but close to, 2 percent.<\/p>\n<p>&nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\"> www.CentralBankNews.info<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; The European Central Bank (ECB) held its benchmark refinancing rate steady at 0.75 percent, as widely expected, and said it would comment on the decision at a press conference later today.&nbsp; &nbsp;&nbsp;The euro area&#8217;s economy shrank for the second quarter in a row in the third quarter as the Gross Domestic &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/02\/07\/ecb-holds-key-rate-steady-at-0-75\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ECB holds key rate steady at 0.75%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-36008","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=36008"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/36008\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=36008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=36008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=36008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}