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ECB keeps interest rate at zero percent
By EUOBSERVER
European Central Bank (ECB) president Mario Draghi announced Thursday that the ECB will not raise interest rates before 2019 ends - longer than previously announced. This means that private banks can continue to borrow money interest-free. If banks want to deposit money at the ECB, they have to pay 0.4%. "We are in a period of continued weakness and pervasive uncertainty," said Draghi as explanation for his policy.






