BusinessCompany NewsEurozone rates on hold again

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%.

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