Euro interest rates kept on hold
July 2nd, 2009
| Category: Economy
The European Central Bank’s (ECB) rate-setters have kept their key rate unchanged at 1.0% for another month following their regular meeting. The bank was meeting in Luxembourg for one of the two meetings a year that it holds outside Frankurt. ECB president Jean-Claude Trichet will explain the decision later. Earlier, Sweden, which is outside the eurozone, halved its key interest rate to 0.25%, which is the lowest since records began in 1907. Sweden’s Riksbank …
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