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    No change in eurozone cost of borrowing

    euronews (in English)

    by euronews (in English)

    As expected, the European Central Bank has kept its main interest rate at a record low 0.5 percent as it assesses how the eurozone is doing.

    Economic data did improve slightly in May - when there was a rate cut - and ECB President Mario Draghi said this week he still sees "a very gradual recovery" starting later this year, which would take pressure off the ECB to act again