ECB And BoE Leave Rates Unchanged
The European Central Bank has left its key interest rate unchanged at a record low of 0.25% despite concerns over a weak economy and low inflation. The bank’s rate council made the decision at its monthly policy meeting on Thursday. Analysts think it may try other steps, such as offering cheap loans to banks, on the condition they loan that money to companies. Bank of England Governor Mark Carney said last year that the Bank of England will reassess its policy when the U.K.
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