Eurozone rates frozen at 1%

Eurozone interest rates have been held at 1% today for the tenth month in a row.

The move follows news the Bank of England has opted to keep UK interest rates at 0.5% today. Though many Eurozone economies have left recession, there remain concerns about some members of the single currency block. Spain, Italy, Ireland and Portugal continue to struggle and Greek debt crisis, which blew up last month, has hit the euro badly.