Trichet rings in new era at ECB with rates on hold

The ECB left its main refinancing rate steady at 2 percent at its 6 November meeting with Jean-Claude Trichet attending his first meeting as president of the euro-zone central bank.

Source: AFP

The European Central Bank left its key interest rates unchanged at the regular monthly policy-setting meeting chaired for the first time by the bank's new president Jean-Claude Trichet.

Indeed, many ECB watchers believe that the cycle of rate cuts in the euro zone is now over and that the next move in

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