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ECB rate on hold

02/08/2012 15:28
The European Central Bank decided on Thursday to leave interest rate unchanged at the historic low of 0.75%. In July, the ECB had cut rate by 25 base points.

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 0.75%, 1.50% and 0.00% respectively.