Article: ECB expects to raise interest rates

ECB expects to raise interest rates

BERLIN, June 6 (Xinhua) -- The European Central Bank (ECB) was meeting in Frankfurt on Wednesday to discuss its key interest rates, which were widely expected to rise to 4.0 percent on Wednesday, the highest in nearly six years.

The ECB's rate-setting governing council held a meeting at 08:00 local time (0700 GMT) and is supposed to make an announcement at 12:45 (1145 GMT). Jean-Claude Trichet, president of ECB, will explain the reasoning behind the move at a news conference 45 minutes later.

The ...

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