Today's Edition
Frankfurt (AFP)
The European Central Bank (ECB) has kept interest rates unchanged as inflation worries in the 20-member eurozone persist.
The main refinancing rate holds firm at 4.25 percent, while the deposit rate, which banks receive for funds parked at the ECB, remains at 3.75 percent.
The decision by the central bank's Governing Council on Thursday had been widely expected by economists, who are forecasting a cut at the next meeting in September.
The eurozone's annual inflation rate was 2.5 percent in June, a fall from 2.6 percent in May, but still above the ECB's target of maintaining price stability around 2 percent.
Additionally, core inflation - excluding volatile energy and food prices - was at 2.9 percent in June. Prices for services grew at a rate of 4.1 percent.
