Wednesday, June 6, 2012

Europe - Voice of America: Europe Keeps Interest Rate Steady

Europe - Voice of America
europe
Europe Keeps Interest Rate Steady
Jun 6th 2012, 15:19

The European Central Bank is keeping its key interest rate unchanged, even as its leader says there is "increased downside risk" for economic growth in the euro currency bloc. The bank kept its key lending rate at a record low 1 percent Wednesday, despite some calls from European bankers and financial analysts for cutting it to spur the continent's stagnant economy. The 17-nation eurozone is struggling to resolve its governmental debt crisis as concern mounts over Spain's ...

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