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ECB leaves interest rate unchanged

European Central Bank has left its key interest rate unchanged at 1.5%
European Central Bank has left its key interest rate unchanged at 1.5%

The European Central Bank has left its key interest rate unchanged at 1.5% today.

Many economists think the bank has only postponed a cut to stimulate the eurozone's economy, which shows signs of a slowdown.

They think a cut will come later this year.

Markets are now waiting to see if bank President Jean-Claude Trichet will use his last news conference today before retiring to announce new credit offerings to steady Europe's shaky banking system.