ECB pegs rates as credit crisis bites

European interest rates were firmly on hold in October 2007 after the global credit squeeze appeared to have left the European Central Bank all but dropping plans for a rise, while the Bank of England also left its main rate unchanged.

BBC News, 4.10.07: ECB keeps interest rates on hold http://news.bbc.co.uk/2/hi/business/7027576.stm

ECB: Press Release, 4.10.07: Monetary Policy Decisions http://www.ecb.int/press/pr/date/2007/html/pr071004.en.html

ECB: Press Conference: Jean-Claude Trichet: Introductory statement with Q&A, 4.10.07 http://www.ecb.int/press/pressconf/2007/html/is071004.en.html

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