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Market Update

ECB and BoE Hold Rates

Author: Nigel Thomas
Last Update: 12:04 PM ET April 04 2013

European Central Bank held its benchmark rate at 0.75% and acknowledged that the first response to impose a tax on small bank deposits was “not smart, to say the least.”

The head of the E.C.B., Mario Draghi stressed at the press conference that Cyprus was “no template” for future crises and events in Cyprus and subsequent market calm only reinforces “we are now in a position to cope with serious crises without them becoming systemic.”

The Bank of England left its key lending rate at 0.5% and held its bond buying program at 375 billion pounds. The rates have been on hold since March 2009.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc