ECB keeps rates unchanged at record low as expected
The European Central Bank left interest rates unchanged as expected on Thursday, holding them at record lows as it prints money to lift the economy and raise inflation. The decision to leave rates on hold was expected by all 60 analysts polled by Reuters after the ECB cut its deposit rate deeper into negative territory last month as inflation prospects soured further. At Thursday's meeting, the ECB kept its rate on bank overnight deposits, generally seen as its primary interest rate tool, at -0.
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