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Article: News Analysis: Reining in inflation remains ECB's top priority
- Article from:
- Xinhua News Agency
- Article date:
- June 5, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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News Analysis: Reining in inflation remains ECB's top priority
BERLIN, June 5 (Xinhua) -- Fighting inflation will remain the top
priority for the European Central Bank (ECB), despite growing
pressure to slash its key rate to spur economic growth, analysts
said.
The ECB Thursday reaffirmed its tough stance against inflation by
leaving its benchmark lending rate unchanged at a six-year high of 4
percent amid surging oil and food prices.
Meanwhile, ECB chief Jean-Claude Trichet signaled a possible rate
hike as early as next month amid growing concern among the world's
leading central banks about the threat posed by surging consumer
prices.
While some policymakers want to raise rates now, ...