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ECB keeps eurozone interest rates unchanged at 0% amid pandemic-forced lockdowns Updated: 2020-10-30 06:00:02 KST

The European Central Bank has frozen eurozone interest rates at zero percent until a time when inflation reaches its target of 2 percent.
It added it would keep its existing asset purchase program at some one.six trillion U.S. dollars.
The ECB says the move is aimed at cushioning the impact of the second wave of COVID-19 that has forced lockdowns in Germany and France.
ECB President Christine Lagarde explained the momentum was deteriorating faster than expected and the central bank would not hesitate to act.
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