Interest rates in europe left unchanged

GERMANY - The European Central Bank on Thursday kept interest rates unchanged for the ninth month in a row amid uncertainty over the impact of turbulent financial markets and a stronger euro on Europe's slowly recovering economy.

The bank's 18-member governing council left the key refinancing rate at 3.25 percent, where it has stood since 8 November.

The bank's decision was widely expected.

Sharp drops in stock markets, the stronger euro, and low consumer and business confidence have cast a sh

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