Trichet comments raise prospect of December cut

The European Central Bank (ECB) kept rates on hold again on Thursday, but more-dovish-than expected comments from Jean-Claude Trichet, the central bank's president, signalled the Governing Council could cut before the end of 2008.

The council opted to keep rates on hold for the third-straight month at 4.25%. But, speaking after the decision, Trichet softened his tone, saying the upside risks to inflation were "diminishing, but not eliminated" and revealing that the council had considered cutt

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