ECB interest rate unchanged at 0.25% in May

FXStreet (Łódź) - The European Central Bank held its monetary policy steady in May, keeping the main refi rate unchanged at 0.25 for the sixth consecutive month.

The ECB Governing Council said that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility would remain unchanged at 0.25%, 0.75% and 0.00% respectively.

Attention now turns to Mario Draghi's press conference at 12:30 GMT during which he will comment on the decision.