The European Central Bank will probably leave interest rates unchanched till the end of 2005, some economists say, amid the poorer than expected performance for 12 nations that share euro.
The interest rates are now kept by the ECB at the historical low for the 23rd straight month showing the lowest figure of 2% since 1946.
The economic growth for the countries that share euro showed significant signs of slowdown with the hints that interest rates will be kept at the same level. On Sunday, the Group of Seven said it should take ``vigorous» steps to protect global markets from increasing risks.
On April 13, the IMF slashed its economic growth forecast for the $10 trillion euro-region economy to 1.6% from 2.2% with the hints to continue forecast-cutting if the economies show poor performance.