FRANKFURT: European Central Bank policymakers left the benchmark euro zone interest rate at 4.0 per cent as expected on Thursday, taking time to assess the impact of recent trouble on global credit markets.
A sharp tightening in euro money market conditions since the ECB's last meeting on August 2 had persuaded analysts that the central bank would postpone a rate rise which they believe ECB President Jean-Claude Trichet had previously signaled.
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Friday, September 7, 2007
ECB holds interest rates at 4% as expected
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