OECD report says ECB should hold rates steady

The European Central Bank (ECB) will probably keep interest rates in the dozen euro nations at their six-decade low for the rest of the year to help an economic recovery still threatened by "large risks," the Organization for Economic Co-operation and Development (OECD) said.

Provided inflation stays below the ECB target and "assuming that consumer confidence will increase and a recovery gains momentum as we project it, there's no reason to see any movement in interest rates in the euro area b

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