Forexpros – The European Central Bank left its benchmark interest rate unchanged for the second consecutive month in February, it announced on Thursday.
The ECB said it was maintaining the benchmark interest rate at a record-low 1.0% for the second consecutive month, in line with market expectations.
ECB president Mario Draghi, who chaired his fourth interest rate meeting as ECB chief, was to comment on the decision at a press conference later in the day.
Following the announcement, the euro held on to modest losses against the U.S. dollar, with EUR/USD easing down 0.06% to trade at 1.3253.
Meanwhile, European stock markets were broadly higher. The EURO STOXX 50 rose 0.3%, France’s CAC 40 added 0.3%, Germany's DAX advanced 0.55%, while London’s FTSE 100 gained 0.2%.
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