ECB rate freeze likely as inflation stays high

Eurozone inflation remained stuck at a 14-year high of 3.2 per cent in February 2008, increasing still further the chances that the European Central Bank’s interest rates will be left firmly on hold at the governing council meeting, 6 March 2008.

Eurostat: Press Release: STAT/08/28: Flash estimate – February 2008: Euro area inflation estimated at 3.2 % http://europa.eu/rapid/pressReleasesAction.do?reference=STAT/08/28&format=HTML&aged=0&language=EN&guiLanguage=en

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