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The Economic Times

ECB holds its deposit rate at record low - 0.5% while keeping option of another rate cut firmly on table

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The European Central Bank kept its ultra-easy monetary policy unchanged at Christine Lagarde's first meeting in charge on Thursday, even keeping the door open to more stimulus while the bank gears up for a broad review of its operations. "There are some initial signs of stabilisation in the growth slowdown and of a mild increase in underlying inflation, in line with our previous expectations", Christine Lagarde said at a press conference after the bank's policy meeting.

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