Market Features

ECB Leaves Key Rate Unchanged at 1%

 

FRANKFURT (TheStreet) - The European Central Bank, as expected, left unchanged its key lending rate at 1%, a record low.

It's the 16th consecutive month the ECB has left rates at 1%.

Market watchers will be keeping an eye on the 8:30 a.m. EDT press conference from ECB President Jean-Claude Trichet.

-- Written by Joseph Woelfel

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