Posted by: youngragingbull | June 6, 2013

ECB holds lending rate at 0.5%

The European Central Bank kept its main lending rate at a record low 0.5% at the conclusion of its meeting on Thursday.

Last month, the ECB cut that rate by a quarter point from 0.75%.

The ECB left its deposit rate, which it pays banks on reserves held at the central bank, at zero.

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