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ECB holds key interest rate at record low 0.75%

Published on Feb 7, 2013 9:03 PM
 

FRANKFURT (AFP) - The European Central Bank decided on Thursday to leave its main refinancing rate at a historic low of 0.75 per cent, despite worries about slow growth and the strength of the euro.

ECB watchers had not expected the central bank to ease borrowing costs in the euro area this month, but analysts said they would listen to see what central bank chief Mario Draghi had to say about the recent strong rise of the euro exchange rate.