ECB keeps rates unchanged

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The European Central Bank announced its decision to keep the base interest rate on loans unchanged – at zero. Rates on deposits and margin loans also kept the same level. The regulator again announced its intention to leave key interest rates unchanged at least until the summer of next year, and the redemption of bonds under the quantitative easing program to be completed in December of this year. The bank will continue to make efforts to bring inflation closer to the target, which should be below 2%. Its future monetary policy will depend on incoming data, such as inflation expectations.

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