Trichet says ECB may not be done yet on rates

European Central Bank president Jean-Claude Trichet said Thursday 8 March he is not saying that ECB interest rates are necessarily at a peak after increasing interest rates.

"As regards whether or not we are at a peak, I didn't say we were at a peak, full stop," he told a news conference after the ECB hiked its main refinancing rate to 3.75 pct from 3.50 pct.

Trichet described ECB rates as "moderate" following the tightening move, whereas he had described them as "low" before today's rate hike.