ECB expected to keep interest rate at 1%

The European Central Bank is expected to keep the eurozone interest rate at a record low of 1% for the 20th month in a row, at its upcoming rate review.

A Reuters poll has found that most analysts think the rate will be frozen until late next year.

The ECB is also expected to discuss phasing out some of its support measures for countries hit by the debt crisis when it meets next month.