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Draghi: "We don't have public admissions of guilt, Mao-Chinese style, as way of working". (Photo: ECB/Flickr)

'Be patient,' ECB chief tells Germany

The European Central Bank (ECB) has announced on Thursday (19 January) that it will keep its current monetary policy unchanged and defended it against growing German criticism.

The ECB maintained its base interest rate at 0 percent and its deposit rate at -0.4 percent.

It also confirmed that its €80-billion per month bond-buying scheme would continue until March and reduced to €60-billion per month until December.

The eurozone's bank president Mario Draghi said at a presse c...

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