ECB stands pat on rates but signals it's ready to act

04/4/2013 | Bloomberg

Although the European Central Bank left its benchmark interest rate at a record low Thursday, President Mario Draghi declared the bank's readiness to take further action amid signs that expectations of a turnaround in the eurozone may be thwarted. "We will assess all the incoming data in the coming weeks and we stand ready to act. ... We are considering both standard and nonstandard measures," he said.

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