| Author (Person) | Atkins, Ralph, Dennis, Neil |
|---|---|
| Series Title | Financial Times |
| Series Details | 4.3.11 |
| Publication Date | 04/03/2011 |
| Content Type | News |
|
Report of the monetary policy decision taken by the European Central Bank on the 3 March 2011. The ECB’s decision to keep the main policy rate at 1% for the 22nd consecutive month was widely expected. However, the tough stance on inflation taken by Jean-Claude Trichet, ECB President, at his subsequent press conference sent markets into a frenzy of activity. Analysts said that the European Central Bank was indicating an interest rate rise was imminent after warning that eurozone inflation warranted 'strong vigilance' - a term it used in the past shortly before raising rates. The ECB’s decision to keep its main policy rate at 1 per cent for the 22nd consecutive month was widely expected. However, the tough stance on inflation taken by Jean-Claude Trichet, ECB president, at his subsequent press conference sent markets into a frenzy of activity. |
|
| Related Links |
|
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
