Trichet praises ECB's courage on rates

European Central Bank president Jean-Claude Trichet said the ECB's "courageous" decision to maintain a low level of interest rates in recent years has meant a more marked slowdown in eurozone growth has been prevented and helped economic recovery.

"Our stance was an essential factor of support preventing a more marked slowdown and eventually facilitating the recovery," he said in a speech.

"We courageously distanced ourselves from the behaviour which observers would have generally expected on

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