ECB Keeps Rate at Record Low as Officials Weigh Forecasts

he European Central Bank kept its benchmark rate unchanged at a record low after policy makers assessed new economic forecasts.

The Governing Council meeting in Frankfurt today left the main refinancing rate at 0.25 percent after cutting it by a quarter point last month. The decision was predicted by all 60 economists in a Bloomberg survey. Officials held the deposit rate at zero and the marginal lending rate at 0.75 percent.

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