ECB holds rates as Draghi is ‘caught between doves and hawks'

ECB governing council

The European Central Bank (ECB) today kept its policy interest rates the same, in the face of an economic recovery in most of the eurozone which was judged not deep rooted enough to warrant a change in policy.

Draghi said the governing council had even discussed cutting interest rates further – saying several governors of national central banks believed the European economic recovery is "too green" to take rate cuts off the table.

The inflation outlook, he said, "should remain in line with price

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