ECB Holds Rates Steady at Record Low 0.75%

ECB Holds Rates Steady at Record Low 0.75% Play

Aug. 2 (Bloomberg) -- Bloomberg's Mike McKee reports that the European Central Bank refrained from cutting interest rates, holding the benchmark rate at a record low 0.75 percent as President Mario Draghi faces pressure to reduce bond yields to protect the euro. He speaks on Bloomberg Television's "Bloomberg Surveillance."

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