Euro rates on hold for 18th month

The European Central Bank has kept the cost of borrowing at 2%, against a background of a soaring currency and lacklustre eurozone growth at its Governing Council meeting, 2 December 2004..

EUobserver.com, 2.12.04: ECB warns of slower growth in euro zone http://euobserver.com/?sid=9&aid=17905

European Central Bank: Press Release: Monetary Policy Decisions, 2 December 2004 http://www.ecb.int/press/pr/date/2004/html/pr041202.en.html

European Central Bank: Introductory statement to the Press Conference, 2 December 2004 http://www.ecb.int/press/pressconf/2004/html/is041202.en.html

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