ECB is expected to hold interest rates

04/3/2013 | Reuters

The European Central Bank is expected to keep interest rates steady this month as it waits to see whether the eurozone economy improves. Experts say a rate cut is likely in the near future if conditions remain challenging. "I think it's too early, but one more round of bad numbers and I think we will hear [ECB President Mario] Draghi signal a near-term rate cut," said Anders Svendsen, an analyst at Nordea.

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