ECB ready to act over money market rates

Reuters Business
September 05, 2013 AT 12:29 PM
As the euro zone shows signs of fragile recovery, the European Central Bank kept interest rates on hold, but said it stands ready to cut rates again or pump more money into the economy if necessary to bring money market rates down. Joanna Partridge reports the on the balancing act required by the ECB and the Bank of England.