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ECB Holds Interest Rate Steady Amid Debt Crisis Concerns

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EUR
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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.

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