ECB holds fire on rates despite recession fears

Jean-Claude Trichet, President of the European Central Bank, sounded a warning over growth in the eurozone, October 2008, and revealed the central bank considered cutting interest rates after leaving interests rates on hold.

ECB: Press Release, 2.10.08: Introductory statement http://www.ecb.int/press/pressconf/2008/html/is081002.en.html

ECB: Press Release, 2.10.08: Monetary policy decisions http://www.ecb.int/press/pr/date/2008/html/pr081002.en.html

BBC News, 2.10.08: Eurozone rates on hold at 4.25% http://news.bbc.co.uk/1/hi/business/7648180.stm

Deutsche Welle, 1.10.08: EU Calls for Tougher Rules to Fix Crippled Financial System http://www.dw-world.de/dw/article/0,2144,3683851,00.html

---