Eurozone rates held at 1% for 10th month

The European Central Bank left its main interest rate unchanged at 1% for the tenth consecutive month on the 4 March 2010 as it prepared to unveil its next steps in unwinding emergency measures that have propped up financial markets.

The decision, which was widely expected, reflected the eurozone’s weak growth and inflation prospects.

ECB: Press Release, 4.3.10: Introductory statement http://www.ecb.int/press/pressconf/2010/html/is100304.en.html

ECB: Press release, 4.3.10: Monetary policy decisions http://www.ecb.int/press/pr/date/2010/html/pr100304.en.html

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