The European Central Bank, as expected, left interest rates unchanged Thursday. Policy makers, meeting in Malta, left the interest rate on the bank’s main refinancing operation at 0.05%, while the rate on the ECB’s marginal lending facility stands at 0.3% and the rate paid on deposits parked overnight at the bank remains at minus 0.2%. The main event will be ECB President Mario Draghi’s news conference at 8:30 a.m. Eastern. Draghi is expected to signal that the ECB remains willing to provide additional stimulus if needed to boost inflation back toward the bank’s target of near but just below 2%.
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