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Europe Daily Bulletin No. 8296

13 September 2002
Contents Publication in full By article 15 / 38
GENERAL NEWS / (eu) eu/ecb
ECB decides not to change interest rates despite signs of recovery petering out in Eurozone

Brussels, 12/09/2002 (Agence Europe) - Despite repeated signs of economic recovery in the Eurozone petering out, the European Central Bank decided at the meeting of its Governing Council in Frankfurt on Thursday to leave interest rates unchanged at 3.25%. The marginal loan facility rate was kept at 4.25% and the deposit facility at 2.25%. At a press conference, Wim Duisenberg said that the ECB's current interest rates were appropriate in that "risks to price stability appear rather...

Contents

TEXT OF THE WEEK
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION