EU's Almunia says no ECB rate rise from French No

European Economic and Monetary Affairs Commissioner Joaquin Almunia said on Tuesday 26 April that the European Central Bank is unlikely to raise interest rates if France rejects the European Constitution in the May 29 referendum.

Asked if a "No" in the French referendum would lead to a hike in interest rates by the ECB, Almunia told reporters:

"I don't think so."

Almunia also said he hoped the European Union economy would accelerate to its potential towards the end of the year from a weaker first

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