There have been calls for lower rates
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The cost of borrowing in the 12-nation eurozone is to stay at 2% for March - despite calls for reduced rates to help kick-start economic growth.
The European Central Bank made the announcement at a governing council meeting on Thursday.
Some political leaders such as German
Chancellor Gerhard Schroder had called for a rate reduction to cool the high flying euro against the dollar.
However, the dollar rallied this week, dropping the euro to a three-month low.
All eyes are now on ECB President Jean-Claude Trichet's comments, to watch for signs of movement to come.
Expectations of good news about American jobs from the US Labor Department on Friday is helping catalyse investors to buy dollars.
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