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What Is the ECB? Everything You Need to Know and More

The European Central Bank, also known as the ECB, is dominating headlines on Thursday. It left its key interest rates unchanged following its regular policy meeting in Frankfurt, Germany. The unchanged rates is at least through the first half of 2020, but the ECB hinted at near-term policy support for the struggling Eurozone economy. The euro was marked at a fresh three-month low of 1.1117 against the U.S. dollar following the ECB decision, while benchmark 10-year bund yields hit a fresh record low of -0.41%, according to TheStreet's Martin Baccardax. Read more here: ECB Hold Rates Steady, Hints at Tiered Deposit Charge, Autumn QE Revival With all the news, it's hard to ignore what the ECB actually is and why it's so important. Do we have your attention yet? In the video above, TheStreet's Katherine Ross breaks down the official central bank of the European Union and its core differences from the United States Federal Reserve. This is something you don't want to miss, investors. Related. Dow Futures Gain Ahead of Busiest Q2 Earnings Day; ECB Rate Decision in Focus More Content to Help You Succeed! Subscribe Youtube Channel : Podcasts on Soundcloud Related: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do' Success: Top Women Leaders Share the Keys to Business Success Ready to Retire: The Biggest Threat to Your Retirement? Check Your Basement Ask the Expert: Cannabis One CEO Believes Now Is the Time to Invest in Cannabis TheStreet Feature: Here's Something Investors May Be Missing About the Drone Revolution C-Suite: AMD CEO Lisa Su Talks New Chips, Confirms She's Staying: 'I Have A Lot to Do'

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