ECB eyes keeping rates steady for now, show minutes
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FRANKFURT The European Central Bank believes current interest rate levels are robust enough in "managing shocks", minutes of its September meeting showed, fueling expectations of no further cuts for now. The ECB kept its key rate steady at two percent for a second straight meeting last month, following several reductions. A summary of the meeting showed that policymakers "argued that the current level of interest rates should be seen as sufficiently robust in managing shocks." The minutes added
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