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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (213)	9/12/2002 7:52:34 AM
From: AugustWest	Respond to of 57110

Guess Uncle All won't be able to give us a surprise rate cut after all. European central bank levaes key interest rate unchanged at 3.25 percent FRANKFURT, Germany, Sep 12, 2002 (AP WorldStream via COMTEX) -- The European Central Bank left interest rates unchanged Thursday amid uncertainty over when the continent's economy will get going again. The decision by the bank's 18-member governing council left the key refinancing rate at 3.25 percent, where it has been since Nov. 8. The rate underpins the cost of short-term credit to commercial banks and serves as a benchmark for rates in general. Bank President Wim Duisenberg had sent clear signals that the bank was set in a wait-and-see stance, and most economists now do not expect a rate increase until next year. Copyright 2002 Associated Press, All rights reserved -0- APO Priority=u (PROFILE (WS SL:BC-Europe-Interest Rates, 1st Ld; CT:f; (REG:EURO;) (REG:BRIT;) (REG:SCAN;) (REG:MEST;) (REG:AFRI;) (REG:INDI;) (REG:ASIA;) (REG:ENGL;) (LANG:ENGLISH;)) ) KEYWORD: FRANKFURT, Germany MORE * end of story *