In contrast to the United States several weeks ago, the European Central Bank kept rates steady today at 4%. The French wanted rates raised to help counter the strong Euro, which hit an all-time high against the dollar on Monday. A higher Euro hurts exports from EU countries.

 

Submitted: Oct 4, 2007    Views: 153    Comments: 0    Likes: 2   


View Article: http://news.bbc.co.uk/2/hi/business/7027576.stm


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