ECB leaves eurozone interest rates at 2%

The European Central Bank left interest rates unchanged at 2 per cent on 5 August 2004 for the 14th month running and analysts said an increase was unlikely for some time despite the inflationary threat of higher oil prices. The ECB's decision almost certainly reflected a view that, while the eurozone recovery is gradually gaining momentum, longer term price pressures are in check.

http://www.ecb.int/press/pr/date/2004/html/pr040805.en.html http://www.ecb.int/press/pr/date/2004/html/pr040805.en.html

http://news.bbc.co.uk/1/hi/business/3539286.stm http://news.bbc.co.uk/1/hi/business/3539286.stm

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