The European Central Bank left its key interest rates unchanged on Thursday, as expected, for a sixth policy session in a row amid the significant uncertainty caused by the war in the Middle East and raised the inflation forecasts for euro area as policymakers remain concerned about the impact of surging crude oil price, and expressed their readiness to act if needed.
The Governing Council, led by ECB President Christine Lagarde, left the benchmark interest rate - the deposit rate, steady at 2 percent. The refinancing rate was left unchanged at 2.15 percent and the marginal lending rate at 2.40 percent.
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by Jyotsna V
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