The bank has also decided to further cut the bank deposit rate.
It now stands at minus 0.4%, down from minus 0.3%, meaning that banks must pay more to deposit funds with the ECB.
Following this decision the USD, EUR and gold are sharply declining.
ECB cuts interest rate, USD, EUR decline
11 March 2016
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The European Central Bank has cut its benchmark interest rate to 0% from 0.05% as part of a package of measures intended to boost the flagging eurozone economy, BBC News reported.
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