ECB Leaves Rates Unchanged; Focus Is On Draghi And Greece
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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