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The European Central Bank left interest rates unchanged on Thursday, holding its nerve in the face of uncomfortably low inflation, though it may unleash other measures to pep up a fragile euro zone recovery. The decision to leave its main interest rate at 0.25 percent was generally expected by markets, though a third of economists polled by Reuters forecast a cut. The ECB also left the deposit rate it pays banks for holding their money overnight at zero.
|ECB Holds Rates, And Nerve, In Face Of Deflation Risk|
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