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- European Central Bank keeps its interest rate unchanged at 0.05% in December, but cuts its deposit rate
European Central Bank keeps its interest rate unchanged at 0.05% in December, but cuts its deposit rate
The European Central Bank (ECB) kept its monetary unchanged on Thursday. The interest rate remained unchanged at 0.05%. This decision was widely expected by analysts.
The interest rate remains unchanged since September 2014.
But the ECB lowered its deposit rate to -0.3% from -0.2%.
The central bank will announce further measures at its press conference at 13:30 GMT.
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