ECB Maintains Benchmark Rate at 0.75% as Economic Mood Brightens
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The European Central Bank kept interest rates on hold as improving economic sentiment underpinned expectations of a gradual recovery this year.
Policy makers meeting in Frankfurt today left the benchmark rate at a record low of 0.75 percent, as predicted by 50 out of 55 economists in a Bloomberg News survey. The deposit and marginal lending rates were also unchanged at 0 percent and 1.5 percent, respectively. ECB President Mario Draghi will hold a press conference at 2:30 p.m. to explain the decision.