- POSTED: 02 Oct 2013 20:09
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The European Central Bank (ECB) on Wednesday held its key rates unchanged, as widely expected, at its regular monthly policy meeting.
PARIS: The European Central Bank (ECB) on Wednesday held its key rates unchanged, as widely expected, at its regular monthly policy meeting.
The ECB's governing council voted to keep the bank's key "refi" refinancing rate steady at an all-time low of 0.50 per cent, it said in a statement.
The central bank also left its other two rates -- the deposit rate and the marginal lending rate -- at zero per cent and 1.0 per cent respectively.
No analysts or ECB watchers had been expecting the central bank to announce any further policy moves this month given recent signs of economic improvement in the euro area.
ECB chief Mario Draghi was scheduled to explain the reasoning behind the decision at his regular monthly post-meeting news conference.
The ECB is meeting in Paris this month, instead of the usual venue of its headquarters in Frankfurt.
And the meeting has been brought forward by one day, given the public holiday in Germany on Thursday.