ECB leaves rates unchanged as expected

September 3, 2015 11:52 AM

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ECB leaves rates unchanged as expected

FRANKFURT The European Central Bank left interest rates unchanged on Thursday, holding them at record lows as it prints money to lift the economy and raise inflation.

The decision to leave the cost of borrowing unchanged was widely expected after the ECB cut rates to rock-bottom levels a year ago and repeatedly said they had hit "the lower bound".

Also read: Fed’s Kaplan Expects 3 Rate Rises This Year, but Says More May Be Needed

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