ECB Holds Rates Steady; Minimum VR Bid Rate 1.00%

The European Central Bank yesterday announced that its Governing Council held interest rates at current levels at its latest monetary policy meeting.

The minimum bid rate on variable-rate refinancing operations remained 1.00%, the marginal lending rate stayed at 1.75%, and the deposit rate — the floor for euro money market rates — was left at 0.25%.

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