ECB set to maintain neutral rates stance

The European Central Bank will maintain its "wait and see" stance on interest rates amid mixed signals on growth and consumer confidence, ECB governing council member Yves Mersch says.

Mersch told the Financial Times in an interview published on Wednesday that economic survey data broadly confirmed the central bank's view of a gradual economic recovery - a scenario that some economists see threatened if last week's terror attacks in Madrid dent consumer confidence.

The ECB is set to discuss the

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