ECB holds rates as growth risks prevail

FRANKFURT (Reuters) – The European Central Bank held interest rates at a record low of 1 percent on Wednesday, resisting German pressure to flag an exit from its crisis-fighting mode while support measures take full effect and support an increasingly shaky recovery. A batch of grim economic indicators and renewed concerns about the public finances in Spain – the euro zone’s fourth-largest economy – have fuelled worries that the euro zone is in recession and that the sovereign debt crisis may flare up again. …
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