ECB keeps base lending rate at zero

News Department
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The European Central Bank (ECB) has kept the base interest rate on loans at zero. The deposit rate also remained at the same level - minus 0.5%, the rate on short-term ECB loans - at 0.25%.

The decision was made following the meeting of the ECB Governing Council, Report informs.

However, the ECB intends to raise key interest rates in September.

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