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May, 29, 2016

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European Central Bank moves to hold rates steady

FRANKFURT -- The European Central Bank opted to hold key rates at its first meeting of 2014 on Thursday, but analysts said it may have to take more concrete action later.

As widely expected, the ECB's policy-setting governing council left its rates unchanged at its regular monthly rates meeting.

The central "refi" refinancing rate was held at its current historic low of 0.25 percent and the two other key rates — the marginal lending rate and the deposit rate — were steady at 0.75 percent and zero percent respectively.

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