Saturday, May 7, 2011

Trichet Avoids Hint on Rates

Saturday, May 7, 2011

HELSINKI—European Central Bank President Jean-Claude Trichet Thursday avoided giving any clear indication that the bank will raise its interest rates again next month, but warned of continuing upward pressures on inflation.

At the press conference after the ECB governing council's regular monthly meeting, Mr. Trichet said only that the bank will "monitor very closely" all developments, despite ...

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