ECB refuses to join Fed rate cut for now

GERMANY - The European Central Bank left interest rates unchanged on Thursday, opting not to join the U.S. Federal Reserve in monetary easing aimed at propping up the faltering global economy.

The bank's decision to stay put despite increasing political pressure for a cut reflects its view that credit remains cheap in the euro zone and that it needs to see more evidence on whether growth will pick up as expected.

The ECB said it had left its benchmark rate flat at 3.25 percent, where it has

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