The European Central Bank has left its key interest rate unchanged at a record-low 0.75 per cent after the first meeting of the year of ECB policy makers in Frankfurt.
While officials discussed a cut in borrowing costs last month, only five out of 55 economists in a Bloomberg survey had predicted a cut today. The remainder predicted no change in rates.
“The economy does not scream rate cut right now,” said James Nixon, chief European economist...
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