ECB Rate Outlook May 2008: Three Irish Bank Economists - From no cut this year to a revision down to 2 cuts by December
May 9th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank (ECB) kept its benchmark interest rate on hold at 4% on Thursday and ECB President Jean-Claude Trichet said at a press conference: ``Inflation rates have risen significantly since autumn and as we have said, inflation rates are expected to remain high for a rather protracted period of time before gradually declining again.''