European Central Bank Leaves Rates Unchanged; Await QE Details

MarketWatch Pulse

The European Central Bank on Thursday left official interest rates unchanged, as expected. The ECB's main refinancing rate remains at 0.05%. The focus will be on ECB President Mario Draghi's news conference, in which he's expected to reveal technical details of the bank's asset-buying plan. The ECB in January said it would buy 60 billion euros ($66.3 billion) of government bonds and other debt as part of a long-awaited quantitative easing program aimed at keeping deflation at bay.

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