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European Central Bank Leaves Rates on Hold

The European Central Bank kept all of its key interest rates unchanged, matching expectations that its policy would remain in a holding pattern as inflation gradually picks up in the currency bloc.

The central bank's decision means its key rate remains at a record low of 0%, where it has been since March. The ECB also left its deposit rate at minus 0.4%, meaning that banks pay to leave excess cash at the central bank overnight.

Investors will look to President Mario Draghi's press conference for clues on the central bank's next policy moves.

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