ECB expected to maintain key rate

Europe’s stalled economy will not get more help today from the European Central Bank, which is expected to hold off cutting interest rates as it waits for financial markets to heal so that its already low benchmark rates get through to businesses and consumers.

Most analysts say the bank will leave its key refinancing rate at a record low of 0.75% when the 23-member ECB governing council meets at its headquarters in Frankfurt, Germany.