Open

Coming up

Don't miss

Replay


LATEST SHOWS

INSIDE THE AMERICAS

Uruguay: freed Guantanamo detainees try to adjust to normal life

Read more

MIDDLE EAST MATTERS

Turkey: Inside the Alevi community

Read more

FOCUS

China: A tense Christmas in Wenzhou

Read more

DEBATE

Pope's Scathing Tidings: Pontiff Blasts 'Illnesses' at Vatican's Heart (part 2)

Read more

DEBATE

Pope's Scathing Tidings: Pontiff Blasts 'Illnesses' at Vatican's Heart

Read more

WEB NEWS

Gaza children draw what their future will look like

Read more

MEDIAWATCH

Catholic cardinals get coal for Christmas from Pope Francis

Read more

IN THE PAPERS

François Hollande's Christmas wish list

Read more

MEDIAWATCH

Embedded with the Islamic State Group

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)