ECB backs off from the idea of rate increase

Article Abstract:

A slowing of economic growth and the strengthening of the euro, are some of the factors analysts are pointing to as an explanation for the European Central Bank's message that it will not be raising interest rates. Though the Bank recently raised expectations that it was considering the first interest-rate increase for the European region in four years, it is now backing away from that stance, citing its concerns over a weakening economic recovery as a reason for its change in policy.

Strategy & planning, Government expenditures, Forecasts, trends, outlooks, Interest Rates, Analysis, Planning, Europe, Economic aspects, Forecasts and trends, Economic policy, Economic conditions, Market trend/market analysis, Euro (Currency), Company business planning, Euro currency transition

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European Bank holds key rates but hints at rise

Article Abstract:

The European Central Bank left rates unchanged at 3.25%, but rates ma y rise next month. T he e uro-zone economy is strong, but the U.S. economy is slowing down. Central Bank president Jean-Claude Trichet said he expects some moderation in the year's second half, following strong economic growth in the first half.

Executive changes & profiles, Officials and employees, Beliefs, opinions and attitudes, Central banks, Powers and duties, Trichet, Jean-Claude

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