Trichet Paves The Way For A Interest Rise Next Month


European Central Bank President Jean-Claude Trichet said the ECB may raise interest rates next month to fight accelerating inflation pressures.

An “increase of interest rates in the next meeting is possible,” told reporters in Frankfurt today after the centralbank left its key rate at a record low of 1 percent. “Strong vigilance is warranted,” Trichet said, adding that any increase would not necessarily be the start of a “series” of moves.

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This entry was posted on Thursday, March 3rd, 2011 at 8:25 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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