ECB holds rates despite higher inflation

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ECB holds rates despite higher inflation

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02-03-2011, 11:11 PM

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ECB holds rates despite higher inflation

The European Central Bank (ECB) today elected to keep interest rates on hold at the record low of 1% for the 20th consecutive month. The move came despite inflation exceeding the Bank’s target. Earlier this week, the European Union’s statistics office Eurostat revealed inflation in the euro zone rose more than expected in January. Inflation [...]

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