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Fri 07 Jul 2009ECB puts euro zone interest rates on hold
THE EUROPEAN Central Bank (ECB) kept euro zone interest rates at 1 per cent yesterday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.
ECB president Jean-Claude Trichet gave no sign the ECB was planning to move rates from the current record low level soon, saying they remained “appropriate”. However, he left the door open for further cuts if needed.
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