The ECB sticks with rates policy rehab

As some better news finally emerges from the eurozone, the ECB has changed its approach by telling markets policy will stay easy for years.

With a few slivers of light at the end of the recessionary tunnel in the eurozone, it was no surprise to see the European Central Bank leave interest rates unchanged at 0.5 per cent, but in the process it indicated that interest rates would “remain at present or lower levels for an extended period of time”.

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