ECB hints at rate pause for coming months

Jean-Claude Trichet, the president of the European Central Bank (ECB), indicated on Thursday that eurozone rates were now high enough to bring inflation back to target.

The ECB's Governing Council opted to keep the key main refinancing rate at 4.25%. And Trichet said in his post-meeting statement that "the current monetary policy stance will contribute to the ECB achieving our objective [of maintaining price stability in the medium term]."

Record-high inflation means the central bank has litt

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