Inside these posts: European Central Bank

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Europe holds interest rates at 1%

The European Central Bank will face scrutiny on Thursday over its response to a growing global battle over currencies and a spike in market interest rates after it held interest rates at a record low 1.0 percent.

The rate decision came as no surprise as all 79 economists in a Reuters poll had predicted the ECB would leave rates on hold for the 17th month in a row. The median forecast is for no change until the fourth quarter of next year. Get the full story »