ECB Leaves Rates Unchanges as Draghi Illumination Awaited

The European Central Bank kept interest rates unchanged at record lows, shifting the focus onto whether Mario Draghi will reveal more details on last month’s historic stimulus package.

The 24-member Governing Council left the main refinancing rate at a record low of 0.15 percent, as predicted by all 54 economists in a Bloomberg News survey. The deposit rate stayed at minus 0.1 percent and the marginal lending rate at 0.4 percent. ECB President Draghi will hold a press conference at 2:30 p.m. in Frankfurt.