European Central Bank President Jean-Claude Trichet says interest rates could be raised in July: Governing Council in “a state of heightened alertness” because of protracted high inflation
Jun 5th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European Central Bank President Jean-Claude Trichet said today at a press conference in Frankfurt, following the decision of the ECB Governing Council to keep its key interest rate on hold at 4%, that it's in "a state of heightened alertness" because inflation is now expected to remain high for a more protracted period than previously thought.