ECB Holds Rates, And Nerve, In Face Of Deflation Risk - Presented by: The Aol. On Network

The European Central Bank left interest rates unchanged on Thursday, holding its nerve in the face of uncomfortably low inflation, though it may unleash other measures to pep up a fragile euro zone recovery. The decision to leave its main interest rate at 0.25 percent was generally expected by markets, though a third of economists polled by Reuters forecast a cut. The ECB also left the deposit rate it pays banks for holding their money overnight at zero.



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