While the ECB's benchmark, the rate at which it loans to private banks, hasn't changed, some money market and bond market rates that determine what banks and companies actually pay for money have risen. The ECB doesn't want to see that because it wants rates as low as possible to help the recovery.Market rates have gone up because people are anticipating the Fed will reduce its bond-buying program aimed at lowering long-term rates, and because of speculation the European and global economies may recover faster than expected.
Eurozone Improvement Means ECB Set To Leave Rates
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