In a statement, the ECB said the governing council "continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time." The ECB's decision-making governing council voted to hold eurozone interest rates unchanged at their current all-time lows at its regular policy meeting on Thursday. The ECB has held its key interest rates unchanged with the benchmark "refi" refinancing rate at 0%. That political limbo could leave ECB president Mario Draghi striving to shore up eurozone growth alone as government leaders wrangle. Eurozone inflation stood at a mere 0.1% in June, a long way below the level of just under 2% that the ECB regards is conducive to healthy economic growth.

Source: Bangkok Post July 21, 2016 13:46 UTC