ECB Holds Rates at 1 Percent, Sees Downturn Slowing

By Krista Hughes and Jonathan Gould August 6, 2009 FRANKFURT (Reuters) – The European Central Bank kept interest rates on hold at a record low on Thursday and said the euro zone economy would remain weak over the rest of the year but that the rate of contraction was slowing down. ECB President Jean-Claude Trichet said…

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