ECB leaves rates on hold for 15th month

The European Central Bank left its main interest rate unchanged on the 5 August 2010 at a record low of 1% for the 15th consecutive month.

With the economic recovery across the 16-country region remaining weak, inflationary pressures in the pipeline appear firmly under control, and financial markets have not priced in a rise in ECB interest rates until well into 2011.

ECB: Press Release, 5.8.10: Monetary policy decisions, August 2010 http://www.ecb.int/press/pr/date/2010/html/pr100805.en.html

ECB; Press Release, 5.8.10: Jean-Claude Trichet, President of the ECB, Vítor Constâncio, Vice-President of the ECB Frankfurt am Main, 5 August 2010 http://www.ecb.int/press/pressconf/2010/html/is100805.en.html

BBC News, 5.8.10: Eurozone interest rates kept on hold by ECB http://www.bbc.co.uk/news/business-10881397

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