Article: News Analysis: Reining in inflation remains ECB's top priority

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, ...

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