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ECB keeps rates on hold in its February meeting

No need to change. This is what the European Central Bank must have thought at today’s meeting, as it just announced its decision to keep interest rates where they are. The official policy announcement also illustrates that the ECB still sits comfortably in its ‘good place’. And, with the eurozone expected to grow at around potential and inflation to remain somewhere around 2%, there are very few arguments for challenging the ECB’s good place. [...]