London [UK], December 16 (ANI/Sputnik): The European Central Bank (ECB) decided on Thursday to keep the interest rate on the main refinancing operations unchanged at 0.00%.

The ECN has maintained the zero base rate since March 2016.

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"The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively," the ECB said in a statement.

The ECB key rates are expected to remain at the current or lower levels until the inflation in the bloc reaches 2% for the entirety of the projection period.

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In early July, the ECB adjusted its medium-term inflation target to exactly 2% from the previous wording of "just below 2%." (ANI/Sputnik)

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