Don't miss

Replay


LATEST SHOWS

ENCORE!

Eastwood & Gainsbourg: Can the children of geniuses step out from their famous shadows?

Read more

FRENCH CONNECTIONS

Is France a chain-smoking nation?

Read more

IN THE PAPERS

'I got the power': Womanspreading takes hold of social media (and maybe 2018)

Read more

IN THE PAPERS

What a story! France investigating Russian billionaire senator over tax fraud

Read more

BUSINESS DAILY

US retailers gear up for post-Thanksgiving splurge

Read more

MEDIAWATCH

Stars join campaign to #FreeCyntoiaBrown

Read more

EYE ON AFRICA

Mnangagwa to be sworn in as Zimbabwe's president on Friday

Read more

THE DEBATE

Hard bargaining: Lebanon prime minister returns and suspends resignation

Read more

THE INTERVIEW

Keepers of the flame: Native American communities seeking to protect their cultural legacy

Read more

ECB keeps interest rates at 4 pct as expected

Latest update : 2008-05-08

The European Central Bank kept benchmark interest rates unchanged at 4.0 percent on Thursday, as expected, as policymakers weigh the risk of high inflation against concerns about euro zone economic growth.

THENS - The European Central Bank kept benchmark interest rates unchanged at 4.0 percent on Thursday, as expected, as policymakers weigh the risk of high inflation against concerns about euro zone economic growth.
 

ECB President Jean-Claude Trichet will present the Governing
Council's latest economic assessment at a news conference at
1230 GMT in Athens, where policymakers met for one of two annual
sessions outside the bank's Frankfurt headquarters.
 

He is likely to face questions on inflation pressures and
increasing signs that growth in the 15-country region is
stuttering.
 

All 83 economists polled by Reuters had expected rates to
remain on hold this month, although most predict cuts to 3.5
percent by the end of 2008 [ECB/INT].
 

Trichet said a month ago that inflation risks were to the
upside but the impact of the credit crisis was continuing while
economic growth worries remained.
 

The ECB also left its marginal lending rate, at which banks
can get emergency overnight loans, unchanged at 5.0 percent and
the deposit rate stayed at 3.0 percent.
 

Date created : 2008-05-08

COMMENT(S)