European Central Bank Makes No Changes To Rates

MarketWatch Pulse

The European Central Bank on Thursday made no changes to interest rates, as expected, at its monthly policy meeting. The bank's main lending rate stands at 0.05%, while the interest rate paid on deposits parked overnight at the ECB was held at -0.2%. The interest rate on the ECB's marginal lending facility remains at 0.3%. Investors will focus on ECB President Mario Draghi's monthly news conference in Naples, Italy, scheduled to begin at 2:30 p.m. local time, or 8:30 a.m. Eastern.

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