The European Central Bank held its key interest rate steady at 3.5% on Thursday but set the stage for an increase next month.
ECB President Jean-Claude Trichet told reporters that "strong vigilance" was needed on price risks. Each of the last six times he has used the word vigilance, a rate increase was handed down the next month.
Read more at FIN24.co.za
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment