ECB leaves interest rates unchanged
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The European Central Bank decided to keep interest rates where they are on Thursday. This announcement came shortly after President Christine Lagarde stated she will step down from her position early. While the rate decision was routine, it happened amidst growing tension. The bank faces a variety of difficulties. These challenges will be passed on to the person who succeeds Lagarde during her final months.
The European Central Bank left interest rates unchanged Thursday, hours after President Christine Lagarde said she would step down early. The humdrum rate decision belies the storm clouds building over her final months and the bevy of challenges her successor will inherit.