The European Central Bank has left its benchmark interest rate unchanged at 2 per cent for the third consecutive meeting, as data showed tentative growth in the Eurozone.
Thursday’s decision was in line with economists’ expectations and comes after ECB president Christine Lagarde repeatedly said that monetary policy in the currency area was “in a good place”.
“The economy has continued to grow despite the challenging global environment,” the ECB said in a statement, adding that the labour market was “robust” and private sector balance sheets “solid”. It also described the outlook for inflation as “broadly unchanged”.
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