Policymakers at the European Central Bank were keen to explore the option of reducing interest rates in the monetary policy meeting in September as they turned wary of the mixed bag of recent economic data, minutes of the July 17-18 rate-setting session showed Thursday.
The Governing Council, led by ECB President Christine Lagarde, left the key interest rates for the euro area unchanged in July after lowering them for the first time in five years in the previous session.
The main refinancing rate was held steady at 4.25 percent, the deposit facility rate at 3.75 percent and the marginal lending rate at 4.50 percent.
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by Jyotsna V
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