The European Central Bank (ECB) announced today that it would maintain its key interest rate at 1%. This decision comes as policymakers continue to monitor economic recovery across the Eurozone.

Analysts suggest the ECB’s cautious approach reflects concerns about the fragility of the recovery, particularly in light of ongoing sovereign debt issues in some member states. The central bank is balancing the need to support growth with the desire to control inflation.

Key points from the announcement include:

• The main refinancing rate remains at 1%.
• The deposit facility rate stays at 0.25%.
• The marginal lending facility rate is unchanged at 1.75%.

The ECB will continue to assess economic data and financial market conditions to determine the appropriate course of monetary policy in the coming months.