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Thu 09 Sep 2009Too soon to end supports - Trichet
The European Central Bank kept interest rates unchanged at a record low of 1 per cent today, and warned now was not the time to withdraw state support as economies emerge slowly from recession.
President Jean-Claude Trichet said the euro zone faced a very gradual recovery but he stressed it was too early to end exceptional ECB measures to boost the economy. ECB staff also raised their estimates for euro zone GDP this year and next, while inflation estimates were edged higher.
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