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ECB keeps key interest rate at record-low 0.25%

May 8, 2014

The European Central Bank left its key interest rate at a record-low 0.25 percent at its policy meeting Thursday, opting to continue monitoring the effects of its current easing measures on economic activity and inflation.

While economic activity in the eurozone has shown signs of improvement, the region's inflation rate was only 0.7 percent in April, far short of the bank's target of just below 2 percent.

At a press conference, ECB President Mario Draghi indicated that the bank may implement additional monetary easing at its next policy meeting in June.

Draghi also said the eurozone inflation rate would likely remain low in coming months but gradually near the target toward the end of 2016.

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Source: Japan Economic Newswire

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