Thursday, May 5, 2011

ECB Holds Rates Steady

As expected, the European Central Bank has left its benchmark interest rate unchanged at 1.25%.

During the press conference by ECB President Jean-Claude Trichet, ECB followers will look for him for clues to a possible rate hike at the ECB's next meeting in June. If he uses the term, "strong vigilance", you can bet your grandmothers social security money that a June hike is coming.

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