The European Central Bank maintained its 1% main interest rate, 0.25% rate on its deposit facility and 1.75% rate on its marginal lending facility. The decisions were made amid concerns about economic recovery and persistently elevated inflation. "We will pay particular attention to any signs of pass-through from higher energy prices to wages, profits and general price setting," President Mario Draghi said. He also indicated that the ECB might end early a program of covered-bond purchases.
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