Author (Person) | Atkins, Ralph, Dennis, Neil |
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Series Title | Financial Times |
Series Details | 4.3.11 |
Publication Date | 04/03/2011 |
Content Type | News |
Report of the monetary policy decision taken by the European Central Bank on the 3 March 2011. The ECB’s decision to keep the main policy rate at 1% for the 22nd consecutive month was widely expected. However, the tough stance on inflation taken by Jean-Claude Trichet, ECB President, at his subsequent press conference sent markets into a frenzy of activity. Analysts said that the European Central Bank was indicating an interest rate rise was imminent after warning that eurozone inflation warranted 'strong vigilance' - a term it used in the past shortly before raising rates. The ECB’s decision to keep its main policy rate at 1 per cent for the 22nd consecutive month was widely expected. However, the tough stance on inflation taken by Jean-Claude Trichet, ECB president, at his subsequent press conference sent markets into a frenzy of activity. |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |