Europe votes to keep interest rates on hold

The European Central Bank under Christine Lagarde has voted in favour of keeping rates unchanged at its policy meeting today. Alongside this the central bank reasserted its commitment to continue its bond purchases for as long as necessary to offset the impact from the forced economic shut down in the Eurozone. All eyes now look to the meeting of EU leaders tomorrow on the state of the 750bn Euro bailout fund for countries most affected by the crisis.