European Central Bank keeps benchmark rate on hold at 1.0%; Trichet expected to escalate inflation warnings at press conference
Mar 3rd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank (ECB) as expected kept its benchmark interest rate on hold at 1.0%, at a meeting of the governing council in Frankfurt, today. The ECB president, Jean-Claude Trichet, will address a press conference and he is expected to escalate his warnings of the threat of inflation.