ECB holds rates but considers a rise in July

The European Central Bank marked a year of unchanged official borrowing costs after deciding to leave its main interest rate at 4 per cent in June 2008, but discussed raising rates, possibly as early as July, John-Claude Trichet, ECB president, said on 5 June 2008.

BBC News, 5.6.08: Trichet hints at future rate hike http://news.bbc.co.uk/1/hi/business/7437849.stm

ECB: Press Release, 5.6.08: Introductory Statement http://www.ecb.int/press/pressconf/2008/html/is080605.en.html

ECB: Press Release, 5.6.08: Monetary policy decisions http://www.ecb.int/press/pr/date/2008/html/pr080605.en.html

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