ECB is expected to reduce key interest rate

05/2/2013 | CNNMoney · Reuters · Washington Post, The

The struggling economy is expected to prompt the European Central Bank to lower its main interest rate. The eurozone has faced troubling news, including record-high unemployment of more than 12%. "If the ECB does hold fire on interest rates ... it is very likely only delaying the inevitable," said Howard Archer, an economist at IHS Global Insight.

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CNNMoney · Reuters · Washington Post, The

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