ECB Leaves Rates, Guidance Unchanged

The European Central Bank (ECB) left its interest rates and policy guidance unchanged Thursday, as expected, even as the eurozone economy shows increasing signs of recovery.

The ECB announced that its main interest rate would remain at +0%, while the rate on overnight deposits would stay at -0.4%, both record lows.

The central bank also reinforced its forward guidance, saying that it expected ECB interest rates “to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases.”

Next up is ECB President Draghi’s press conference at 08:30 am EST.

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