The European Central Bank kept interest rates on hold at record lows as data signalled that the risk of deflation in the euro area is waning.
The Governing Council, meeting in Frankfurt, maintained the benchmark rate at 0.05 per cent. The deposit rate and the marginal lending rate stayed at minus 0.2 per cent and 0.3 per cent, respectively.
ECB president Mario Draghi will explain the decision at 2:30 p.m. in Frankfurt, when he’s also due to present...
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