ECB holds key rate steady at 0.05%, flags more measures

The European Central Bank held its key interest rates unchanged on Thursday at its first policy meeting of 2015, but said it would announce new monetary policy measures later.

The European Central Bank held its key interest rates unchanged on Thursday at its first policy meeting of 2015, but said it would announce new monetary policy measures later.

As widely expected, the ECB said in a statement that it was holding its main "refinancing" rate steady at 0.05 percent, and its two other rates -- the marginal lending and the deposit rates -- at 0.30 percent and minus 0.20 percent respectively.

"Further monetary policy measures will be communicated by the president of the ECB at a press conference," the statement added.

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