ECB Leaves Rates Unchanged; Focus Is On Draghi And Greece

By William L. WattsMarketWatch Pulse

The European Central Bank, as expected, left interest rates unchanged on Thursday. The bank's benchmark lending rate remains at 0.05%, while the deposit rate on funds parked at the institution was left unchanged at minus 0.2%. ECB President Mario Draghi's news conference will begin at 8:30 a.m. Eastern and is expected to be dominated by questions over Greece and what the ECB is willing to do to support the country's banking sector as Athens await finalization of a third rescue package by its eurozone partners.

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