ECB holds rates to balance inflation, recession fears
FRANKFURT (Reuters) – The European Central Bank held its main interest rate at 1. 0 percent on Wednesday as persistently high inflation offset pressure to respond to the euro zone’s shaky economic recovery. The ECB also said the interest rate on its deposit facility would remain at 0. 25 percent, and the rate on the marginal lending facility would stay at 1. 75 percent. ECB President Mario Draghi will explain the Governing Council’s decision at a 8. 30 a. m. EDT (1230 GMT) news conference. . . .
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