Trichet signals no change in June as ECB holds

helsinki
Helsinki

The European Central Bank's Governing Council on Thursday voted to keep its main refinancing rate unchanged at 1.25% at a meeting in Helsinki.

ECB president Jean-Claude Trichet said: "With interest rates across the entire maturity spectrum remaining low and the monetary policy stance still accommodative, we will continue to monitor very closely all developments with respect to upside risks to price stability."

Notably, the word "vigilant", taken as the ECB's codeword for a forthcoming hike, was

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: