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ECB keeps key rate unchanged at 0.00%, continues stimulus policy Updated: 2019-12-13 07:10:44 KST

The European Central Bank has decided to freeze its key rate yet again.
At the same time, the bank's new leader, Christine Lagarde, has unveiled ambitious plans to revitalize the struggling euro zone economy.
For more on this and other news around the world, let's turn to our Yoon Jung-min.
Jung-min, fill us in on this rate decision.

Sure, Mark. The European Central Bank left the key interest rate unchanged at zero-percent.
The decision was made on Thursday at the first meeting presided over by new ECB President Christine Lagarde.
Following the decision, the ECB's rate on bank overnight deposits will remain at a record low of negative point-five percent.
The marginal lending facility rate will stay at point-two-five percent.
The bank said it will keep maintain an accommodative stance and stimulus policy because the euro zone economy has continuously suffered from low growth and global risks.
The ECB added it will maintain the rate at lower levels until inflation recovers to its goal.
The decision is somewhat similar to Lagarde's predecessor, Mario Draghi.
Lagarde said she will strategically review the steps forward and announce them before the end of next year. Take a listen.

"That strategic review needs to be comprehensive, needs to look at all and every issue, will turn each and every stone and will take its time but will not take too much time. By that I mean, my plan is to actually get the reviews started in the course of January."

The ECB forecast annual GDP growth for the euro zone at 1.2 percent for this year, slightly higher than its previous forecast.
But it has slightly lowered forecast for next year to 1.1 percent from its earlier projection.
It expects the euro zone economy to grow 1.4 percent in 2021 and in 2022.
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