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ECB rate on hold at 0.5%

06/06/2013 14:34
The European Central Bank decided on Thursday to leave interest rates unchanged.

At its meeting in May, it had decided to cut rates 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 0.50%, 1.00% and 0.00% respectively.