ECB keeps interest rates on hold at 1%

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ECB keeps interest rates on hold at 1%

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06-05-2009, 06:31 AM

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ECB keeps interest rates on hold at 1%

In a move which was widely expected, the European Central Bank (ECB) elected to keep interest rates for the euro zone on hold today at 1%.The move came shortly after the Bank of England opted to keep interest rates unchanged at 0.5%.Returning to the euro zone, the ECB’s president, Jean-Claude Trichet, said that he expects [...]

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