ECB keep rates at 4.75%, despite pressure

EUROPE - The European Central Bank on Apr 11 maintained interest rates at 4.75% because of inflationary pressures in the eurozone, but the central bank acknowledged that risks on the downside remained.

Asked at the press conference why the bank did not cut the rates if it was confident inflation would fall below two percent in the medium-term, ECB president Wim Duisenberg said it was not yet clear how pronounced the slowdown in inflation was going to be.

"It would be a close call," he said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account