Monetary Policy/ Effects of Monetary Policy 

European Central Bank leaves interest rates on hold again

The European Central Bank has left interest rates at 1% for the 16th consecutive month as a still-uncertain global outlook clouds optimism about the eurozone's recovery.The ECB's decision Thursday to leave its benchmark refinancing rate at a record low, where it has stood since May 2009, was widely expected.
The ECB is due to issue revised growth forecasts and may lift its prediction for 2010 from a range centering on 1%.

This policy is trying to reduce the unemployment rate, increase GDP, and keep stable prices the same. The policy has the intent to help with these problem. This policy does seem to help with the current issues by increasing Aggregate Demand, Price, and Quantity. This Expansionary Policy aims at helping the EU Economy grow.