Thursday, November 5, 2009

Eurozone interest rates unchanged


The European Central Bank (ECB) has kept interest rates on hold at a record low of 1% for the sixth month in a row.
Earlier on Thursday figures showed that retail sales in the 16 countries that use the euro fell by 0.7% in September.
The drop came as rising unemployment and financial uncertainty continue to drag on consumer confidence.
Data this week showed unemployment levels across the 16 states that use the euro rose to 9.7% in September, the highest rate since January 1999.

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