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Fund managers hold out for European growth after ECB rate decision

Rachel Dalton looks at fund managers’ reactions to the ECB’s decision to hold interest rates

11 March 2013 •

Last week, the European Central Bank plumped for keeping interest rates unchanged, with the bank opting to keep the eurozone rate at 0.75% for the eight month in a row.

The Eurozone inflation rate fell from 2.2% to 2% during January, and the European Commission has predicted it will fall past its 2% target to 1.8% this year. Fund managers predict further volatilit...

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