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Europe Daily Bulletin No. 10091

5 March 2010
GENERAL NEWS / (eu) eu/economy
ECB keeps interest rates unchanged and continues to withdraw emergency economic measures to ease credit crunch

Brussels, 04/03/2010 (Agence Europe) - On Thursday 4 March 2010, the European Central Bank (ECB) decided to leave its major refinancing interest rates and the marginal loan and deposit lending rates for the eurozone unchanged at 1%, 1.75% and 0.25% respectively. The current interest rates are still appropriate, explained ECB president Jean-Claude Trichet. He said 'the economic recovery in the euro area is on track, although it is likely to remain uneven.' The ECB is forecasting growth in the...

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