Fed decision unlikely to influence ECB rates

EUROPE - Ernst Welteke, Bundesbank president and ECB council member, stressed that central bank rates had remained unchanged at its meeting on 11 April because euro-zone price risks persisted.

He also believed that economic growth in the euro-zone would remain above two per cent despite the global slowdown.

The ECB has come under increasing pressure from business, trade unions and the IMF to lower interest rates to boost economic growth in the euro-zone and the rest of the world. This pressure

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