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ECB likely to hold interest rates steady

01-11-2012 08:07 BJT

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Analysts believe the European Central Bank is likely to hold interest rates steady at 1 percent at its monthly meeting after two straight months of cuts.

ECB President Mario Draghi’s remarks at his post-decision news conference Thursday will be scrutinized for clues about how fast the bank thinks the European economy is slowing.

The bank lowered its key rate by a quarter point in November and December, in a move that was seen as a signal of a more flexible approach to fighting the crisis. It also made unlimited amounts of cheap, three-year loans available to banks to steady the banking system.


Editor:Zhang Rui |Source: CNTV.CN

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