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Article: ECB maintains interest rates on concerns of inflation
- Article from:
- Xinhua News Agency
- Article date:
- August 7, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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ECB maintains interest rates on concerns of inflation
BERLIN, Aug. 7 (Xinhua) -- The European Central Bank (ECB)
decided on Thursday to maintain the key ECB interest rates unchanged
at a meeting of the Governing Council in a bit to better fight
inflation, ECB President Jean-Claude Trichet said in a statement.
The meeting in Frankfurt left the benchmark lending rate at 4.25
percent, as "annual inflation rates are likely to remain well above
levels consistent with price stability for a protracted period of
time and that risks to price ...
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