Breaking: ECB leaves key interest rates unchanged as expected
The European Central Bank (ECB) announced on Thursday that it left key rates unchanged following the October policy meeting. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will stay at 4.50%, 4.75% and 4.00%, respectively. In its policy statement, the ECB noted that based on its current assessment, interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to the inflation goal.