ECB Holds Interest Rate Steady Amid Debt Crisis Concerns
The European Central Bank made no changes to its benchmark interest rate on Thursday, keeping it at 1 percent.
This move was widely anticipated by markets as they awaited word from ECB President Jean-Claude Trichet during his post-meeting press conference.
The decision is seen as a response to Europe's debt crisis, with the bank taking steps to contain its impact through special measures and bond purchases.