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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 4 April 2012 [View all]xchrom
(108,903 posts)30. ECB leaves key eurozone rate unchanged at 1%
http://www.bbc.co.uk/news/business-17609108
The European Central Bank (ECB) has left its benchmark eurozone interest rate unchanged at 1%.
The bank has not moved rates since November, when it made its second consecutive cut.
ECB President Mario Draghi will explain the decision at a news conference later.
In February, the ECB gave 530bn euros ($713bn; £448bn) of low-interest loans to 800 banks across the whole of the European Union to help boost lending.
The European Central Bank (ECB) has left its benchmark eurozone interest rate unchanged at 1%.
The bank has not moved rates since November, when it made its second consecutive cut.
ECB President Mario Draghi will explain the decision at a news conference later.
In February, the ECB gave 530bn euros ($713bn; £448bn) of low-interest loans to 800 banks across the whole of the European Union to help boost lending.
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