Trichet gives strong hint on August rate rise

European Central Bank president Jean-Claude Trichet said Thursday 6 July that the ECB governing council will meet in person on 3 August rather than by teleconference, as it normally does for its early August policy meeting.

He said the ECB will also hold a news conference following the meeting. No news conference was previously scheduled for 3 August.

"We will meet physically and there will be a press conference (on Aug 3)," Trichet said at the ECB's news conference.

The move may be an indicator

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