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ECB Holds Line on Interest Rates

[mserve id=”Central_Bank_ECB.jpg” align=”left” width=”291″ caption=”European Central Bank” alt=”European Central Bank ECB” title=”European Central Bank “]The European Central Bank (ECB) did as expected today, voting to maintain interest rates at the historically-low rate of 1 percent. In addition, the ECB made no mention of future plans for stimulus spending in response to US Treasury Secretary Timothy Geithner’s assertion yesterday, that the US government was preparing to scale-back stimulus spending.

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Scott Boyd

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