ECB keeps rates steady despite growth fears

ECB keeps rates steady despite growth fears

As expected, the Governing Council of the European Central Bank held interest rates steady (at its March 15 meeting yesterday) undeterred by weak share markets and dimming euro zone growth prospects. The euro was broadly steady against the dollar, although still close to a three month low, hovering just above $0.89.

Analysts said the ECB can afford to hold off on any interest rate move until economic trends, inflation and particularly the impact of t