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European Central Bank left its main policy rate unchanged at 1 per cent ? the lowest ever. They did not rule out the possibility of a further cut, but financial markets observers believe it could be a year before ECB rates change, and not necessarily another cut.The ECB did put pressure on eurozone commercial banks to kick-start lending to business and consumers, as it made clear official interest rates could remain at the current record low for a protracted period. It urged banks to live up to their responsibilities in reviving credit flows. Central Bank declared it was..
(Sunday 07.05.2009.)
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