Trichet in signal that ECB could cut rates

Jean-Claude Trichet, President of the European Central Bank, signalled for the first time 2 June 2005 that he was not entirely deaf to calls for an interest rate cut. He was speaking after the ECB left its main interest rate at 2.0 per cent - marking two years without a change.

European Central Bank: Introductory Statement to the Press Conference, 2.6.05 http://www.ecb.int/press/pressconf/2005/html/is050602.en.html

European Central Bank: Press Release, 2.6.05: Monetary policy decisions http://www.ecb.int/press/pr/date/2005/html/pr050602.en.html

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