ECB Keeps Rates Unchanged as Growth Counters Price Risk
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The European Central Bank kept interest rates unchanged as officials chose to set aside concerns that inflation may stay low for too long.
The 24-member Governing Council, convening in Frankfurt today, left the main refinancing rate at 0.25 percent, a decision predicted by 62 of 66 economists in a Bloomberg survey. The rest forecast a cut. The ECB also held the deposit rate at zero and the marginal lending rate at 0.75 percent.