FRANKFURT: The cost of money has fallen further around the world this week with the Bank of England and a trio of Asian central banks trimming interest rates to jump start a hesitant global economic recovery.
The European Central Bank (ECB), however, bucked the trend and, as expected, held official rates steady at record lows of 2%, a level that ECB president Wim Duisenberg expects them to remain at for a considerable time.
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