The European Central Bank, as expected, left interest rates unchanged Thursday. The bank's refi rate stands at 0.05%, while the rate paid on deposits held overnight at the ECB remains at minus 0.3%. The rate on the bank's marginal lending facility remains at 0.3%. ECB President Mario Draghi will hold a news conference at the ECB's Frankfurt headquarters at 2:30 p.m. local time, or 8:30 a.m. Eastern. Draghi isn't expected to announce any further easing measures but is widely expected to signal the ECB is prepared to take further steps if necessary to boost inflation.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.