Here comes the ECB rate decision…

The European Central Bank is about to announce its latest decision on the interest rates it lends to Europe’s banks at.

The ECB is expected to hold the refinancing rate at 0.05%, the level introduced this time last year, when it makes the announcement at 12.45 p.m BST.

It’s the first of two major announcements from the central bank today. The other is a press conference from ECB President Mario Draghi at 1.30 p.m BST.

Keep checking back, we’ll update this post as soon as we have the rate.

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