Eurozone rates on hold again
The European Central Bank has left interest rates in the eurozone unnchanged for the sixteenth consecutive month.
Despite a slowdown in the 12-nation zone, the bankers today (Thursday) decided not to adjust the rate of 2%.
The last time the ECB changed its rate was in June 2003 when borrowing costs were reduced by 0.5%.
The decision by the ECB follows a similar decision by the Bank of England today (Thursday) to hold the UK interest rate at 4.75%.