The European Central Bank has left interest rates unchanged

The European Central Bank (ECB) has left its key interest rate unchanged at two percent. Thursday's decision comes at a time when the eurozone is experiencing a rare period of low inflation and stable growth.

The central bank of the 20 eurozone countries has cut interest rates by a total of two percentage points since June. However, it has made it clear that it is in no hurry to change its policy, as inflation is at its target level, an ideal value that even the US Federal Reserve has not achieved.

After weighing all options, the ECB reaffirmed its long-term stance that future decisions will depend on upcoming data and that it will not commit to a specific policy course in advance.

The eurozone's gross domestic product rose by 0.2 percent in the third quarter, exceeding the ECB's forecast of stagnation and economists' forecast of 0.1 percent growth.

(reuters, max)