ECB kept interest rates on hold for another month in its latest monetary policy meeting.
The ECB's decision for keeping interest rates on hold for another month was widely expected by markets since the bank introduced new measures in June to stimulate the struggling EU economy and is eager to see the effects of these steps first.
Economists were concerned with the possibility of deflation in the eurozone as consumers, expecting prices to fall in the near future, would spend less thus completely putting a halt to the already-stuttering economy.
In response to these worries the ECB on
Despite these measures, the annual rate of inflation in the eurozone fell further below the ECB's target in July, to its lowest level since
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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