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Article: ECB expects to raise interest rates
- Article from:
- Xinhua News Agency
- Article date:
- June 6, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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 ...