ECB keeps rates steady at 2 pct as expected

The European Central Bank held interest rates steady at 2 percent at its Thursday meeting. Wim Duisenberg's last Governing Council meeting was held in Lisbon.

Source: Reuters

The European Central Bank held interest rates steady on Thursday at 50-year lows of 2.00 percent as expected, given calm inflation and early signs of a sluggish economic recovery.

The decision hands to the next ECB leader, Bank of France Governor Jean-Claude Trichet who takes the helm on November 1, the task of helping to g

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