ECB: Euro Zone's core interest rate remained at 1.00%

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Source: BBC
The ECB announced on Thursday that it decided to leave the key interest rate at 1%. The ECB has not changed the interest rate since November. The bank also reported that it expects the Euro Zone's GDP to expand by 0.1% this year as compared to 0.3% initially projected. The ECB also attempts boost economic activity by offering large amount of cheap loans for banks.


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