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Europe Daily Bulletin No. 10071

5 February 2010
GENERAL NEWS / (eu) eu/ecb
Rates remain appropriate, says Trichet, and he welcomes Greek deficit reduction efforts

Brussels, 04/02/2010 (Agence Europe) - As expected, the European Central Bank (ECB) has kept the euro area interest rates unchanged. The Bank's Governing Council decided on Thursday 4 February that the main refinancing operation rate would remain at 1%, where it has been since 7 May 2009. The marginal lending facility and the deposit facility rates continue to stand at 1.75% and 0.25% respectively.

The current levels remain appropriate,” ECB President Jean-Claude Trichet said after the...

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