Mario Draghi
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ECB's Draghi sees recovery signs, as rates held at 0.5%

European Central Bank (ECB) president Mario Draghi has said there are some tentative signs of an economic recovery in the eurozone.

He said there may be "gradual recovery in economic activity in the remaining part of the year and in 2014".

It comes as the ECB once again kept interest rates at a historic low level of 0.5%.

And Mr Draghi has again said rates will remain at low levels for the foreseeable future.

"The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time," he said.

  • 01 Aug 2013
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