The European Central Bank left its key interest rates unchanged on Thursday, as expected, after raising them in the past 10 sessions, but adopted a cautious stance to suggest that rates could stay "higher for longer" despite the easing inflationary pressures as signs of a recession in the euro area economy increase.
The Governing Council, led by ECB President Christine Lagarde, left the main refinancing rate, or refi, at 4.50 percent at the rate-setting session in Athens, Greece.
The deposit facility rate was held at a record high 4.00 percent and the lending rate was kept at 4.75 percent.
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by Jyotsna V
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