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ECB, BOE hold key rate unchanged

08-06-2010 09:01 BJT

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The European Central Bank and Bank of England have both kept their interest rates unchanged, as widely expected.

The European Central Bank has held the interest rate for 15 months in a row at one percent. This comes after a run of strong euro zone data and signs that markets have given bank stress test results the thumbs-up.

With inflation in the 16-country euro zone undershooting, and the region's post-crisis economic recovery still in a delicate phase, analysts call the rate decision an obvious one.

In a separate statement, Britain's central bank said its monetary policy committee voted to maintain the official bank rate paid on commercial bank reserves, at a record low of 0.5 percent.

Editor:Xiong Qu |Source: CNTV.CN

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