The European Central Bank has left its main interest rate unchanged at 0.5 per cent. "The governing council confirms that it expects the key ECB interest rates to remain at present or lower levels for an extended period of time." European shares rose and the euro weakened on the news that rates will remain low for some time to come, in the face of downside risks to growth. "Our monetary policy stance will remain accommodative for as long as necessary."moreless
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