You're watching...
FBN’s Ashley Webster with the latest efforts by the ECB to help boost faltering European economies.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Everyone -- -- -- breaking news story the European Central Bank has just decided to hold its key interest rates.
At point 75%.
That decision comes ahead of the expected announcement.
Of the ECB's bond buying program for more on that let's go to Fox Business is Ashley Webster -- live outside ECB -- -- in Frankfurt Germany.
With more on -- morning -- Yeah good morning Diane well isn't -- some economists believe that the ECB may indeed cut the key rate by a quarter of a percent down a half a percent but others said no.
Very unlikely because that would be overshadowed by the out details of a -- buying program which -- expecting to hear about.
In about forty minutes from now also as you say the ECB keeping interest rate at record as a percent the biggest story of the day.
Is this bond buying the plan will we get more details what will countries who need money have to do in order to get that money what -- conditions will be attached to -- those -- the big questions today.
Certainly the issue is the borrowing costs of countries such as Spain and Italy.
That's have been extremely high for quite sometime -- that we have seen a drop in those are rates.
But ultimately -- Mario Draghi the president of the ECB it's a difficult balancing act.
Being showed that time he will take action and the actionable -- the market's happy.
But at the same time not spending and printing money.
That it -- will not keep but Germany very happy that is taking a much more conservative approach so a lot we have talked about.
We are gonna go inside DC -- building.
In the next ten minutes -- will be there for that press conference Diane Nichols will report all the details back to you as soon as they become available.
Live from Frankfurt Germany thanks -- is great day.
Be updated buy it now -- to.
