ECB Holds Interest Rates Steady

ECB holds interest rates steady

FRANKFURT, (Pakistan Point News - 21th july, 2016)- The European Central Bank on Thursday held its key interest rates unchanged with the benchmark "refi" refinancing rate at zero percent, a spokesman said. As widely expected, the ECB's decision-making governing council also voted to hold the rate on its marginal lending facility steady at 0.25 percent and the rate on its deposit facility at minus 0.40 percent, the spokesman said.