Thursday, February 6, 2014

Breaking: The European Central Bank has voted to leave interest rates across the eurozone unchanged at their record low of 0.25%.
It has also resisted imposing negative interest rate on eurozone banks, leaving the deposit rate unchanged at 0.0%. And the marginal lending rate (which banks pay to borrow from the ECB) is also unchanged.
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.

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