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ECB Keeps Rates on Hold as Focus Shifts to Asset Buying

The European Central Bank kept interest rates unchanged at record lows as investors wait for President Mario Draghi to reveal details of a plan to buy assets.

The 24-member Governing Council left the main refinancing rate at 0.05 percent at its meeting today in Naples, Italy. The decision was predicted by all 60 economists in a Bloomberg News survey. The deposit rate and the marginal lending rate remained at minus 0.2 percent and 0.3 percent, respectively.