ECB keeps rates unchanged, cautious on recovery

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As expected the European Central Bank kept the cost of borrowing unchanged at a record low 0.5 percent on Thursday, and ECB head Mario Draghi was very cautious on the eurozone's economic recovery.

He said the ECB is ready to cut interest rates or pump more stimulus cash in if banks start charging customers and companies more to lend them money.

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http://www.euronews.net/

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