The ECB held rates at 1% today, 2nd of July, as expected.

Euroland unemployment climbed to 9.5% for May 09 based on figures released in July.

Meanwhile, the ECB pumped €440m into its banking system - not quantitive easing - but increasingly lending liquidity.

And inflation turned negative in the Euro area according to latest figures which normally lag reality by a couple of months meaning there is no expectation of a change in interest rate strategy.

Busy times for central bankers continue.