ECB leaves key interest rates unchanged in December monetary policy meeting ...Middle East

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ECB leaves key interest rates unchanged in December monetary policy meeting
Prior decisionMain refinancing rate 4.50% vs 4.50% expectedPrior 4.50%Deposit facility rate 4.00% vs 4.00% expectedPrior 4.00%Marginal lending facility 4.75%Prior 4.75%Inflation has dropped in recent months but likely to pick up against temporarily in the near-termPast rate hikes are continuing to be transmitted forcefully to the economyTighter financing conditions are dampening demand, and this is helping to push down inflationExpects economic growth to remain subdued in the near-termFuture decisions will ensure that its policy rates will be set at sufficiently restrictive levels for as long as necessaryTo continue to follow a data-dependent approach to determining the appropriate level and

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