Forex | Forex | ECB to hold rates steady for some time (03/07/2009 10:41:21)

ECB to hold rates steady for some time

ECB leaves rates unchanged but acknowledges weak economic prospects Statements hit at concerns about worsening jobs outlook Dramatic change needed to force ECB’s hand anytime soon Possibility of more non-standard support in Autumn Rates unlikely to rise before second half of 2010 Today’s decision by the European Central Bank to leave its key policy interest rates unchanged was universally expected. That is not to say that the policy outlook is completely clear cut. Today’s surprise rate cut by


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