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Sep
09
2011

No change on ECB’s key interest rate

08 September 2011



The European Central Bank signalled that it had halted the current cycle of interest rate rises, saying euro zone inflation risks were no longer skewed to the upside and economic growth would be slow at best. ECB President Jean-Claude Trichet said there were "intensified downside risks" to the economic outlook for the 17-country euro zone, after the ECB left its benchmark rate at 1.5 percent.

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