ECB Keeps Interest Rates Unchanged at 4.5%

Taarek Refaat

The European Central Bank (ECB) decided to keep interest rates in the unchanged at 4.5%, after raising them 10 times in a row.

The bank announced this after an external meeting of the Board of Governors, held in the Greek capital, Athens.

Many economists expect that the central bank will not raise interest rates further at this time.

Inflation in the euro zone has declined recently, and at the same time, concerns about the economy have increased.

"EUR/USD continues to drift lower and is eyeing a break below the 1.0516 and 1.0500 levels. Recent weakness in the pair has been fueled by a stronger US dollar," Dailyfx wrote.

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