ECB leaves rates unchanged |
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Published
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Thu, 10 May 2007 13:05
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FRANKFURT (Thomson Financial) - The European Central Bank said it decided to leave its leading interest rates unchanged at today's governing council meeting in Dublin.The decision was fully expected by financial markets after ECB president Jean-Claude Trichet told last month's central bank news conference that he was comfortable with market expectations that the next ECB rate hike would come in June.Main refinancing operations will continue to be conducted as variable rate tenders with a minimum bid rate of 3.75 pct.The deposit rate remains at 2.75 pct and the rate on the marginal lending facility at 4.75 pct.Trichet is due to hold a news conference at 2.30 pm and markets will be looking for confirmation that the ECB is preparing to hike rates again in June. A commitment to exercise 'strong vigilance' on inflation risks would be a clear signal that a June tightening move is in the offing, economists said.marilyn.gerlach@thomson.commog/jlcCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Macroeconomics highlights to 10:10 BST 