The European Central Bank (ECB) announced today that it will keep interest rates unchanged for the foreseeable future. Following a meeting of the ECB’s Governing Council, President Christine Lagarde stated that the bank will maintain its key interest rates at current levels until it sees a sustained increase in inflation. Lagarde also commented on the economic impact of the ongoing coronavirus pandemic, noting that while the outlook remains uncertain, the bank is prepared to take further action if necessary to support the economy.


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