ECB holds rates, waits to see how recovery goes The European Central Bank has kept the cost of borrowing unchanged. At their regular meeting - this month held in Paris - ECB policymakers decided to wait and see whether the fragile eurozone recovery strengthens. So for now the main benchmark rate remains at 0.5 percent. The eurozone economy remains on track for a slow recovery, European Central Bank President Mario Draghi said as he reiterated the ECB's pledge to keep interest rates low for now. "Real GDP growth in the second quarter was positive after six quarters of negative output growth and confidence indicators up to September confirm the expected gradual improvement in economic activity from low levels," he told a news conference. Draghi still has the options of an interest rate cut or injecting large amounts of cash into the banking system if needed. The central bank is concerned that lenders - the commercial banks - are putting up the cost of borrowing to businesses and individuals in response to the US Federal Reserve moving towards ending its stimulus programme. More about: Economy, Europe, European markets, Eurozone, Mario Draghi, Paris