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ECB rate at 1%

06/06/2012 15:25
The European Central Bank decided on Wednesday to keep interest rates on hold at 1%.

The ECB announcement is as follows:

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 1.00%, 1.75% and 0.25% respectively.