European Central Bank leaves interest rate unchanged

http://www.guardian.co.uk

European Central Bank leaves interest rate unchanged

Disappointment in struggling eurozone countries as ECB base rate stays at 1%The European Central Bank dismayed political leaders in the southern half of Europe after it left its benchmark interest rate unchanged at 1% for another month. Politicians in Spain, France and Italy were hopeful that the ECB would cut rates to offset rising debt burdens and help save them from further ratings downgrades.