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European Central Bank Leaves Rates Unchanged For Fourth Month

The European Central Bank left its key interest rate unchanged for the fourth month in a row in April, as expected.

The Governing Council led by ECB President Mario Draghi decided on Wednesday to maintain the main refi rate at a record low 1 percent, following its meeting in Frankfurt.

The rate on the marginal lending facility was held at 1.75 percent, while the deposit facility rate was kept at 0.25 percent.

The central bank had reduced the rate in November and December, reversing the two hikes undertaken earlier last year.

Draghi is set to hold the regular post-decision press conference at 8.30 am ET.

by RTT Staff Writer

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