ECB holds fire despite inflation fears

The European Central Bank held fire in the fight against inflation on the 3 February 2011, leaving its main interest rate unchanged at 1% for the 21st consecutive month. The decision by the ECB’s governing council was widely expected.

ESO: Background information: Euro climbs amid prospect of imminent ECB rate rise http://www.europeansources.info/record/euro-climbs-amid-prospect-of-imminent-ecb-rate-rise/

BBC News, 3.2.11: European Central Bank 'closely monitoring' inflation http://www.bbc.co.uk/news/business-12354401

ECB: Press Release, 3.2.11: Introductory statement to the press conference, 3.2.11 http://www.ecb.int/press/pressconf/2011/html/is110203.en.html

ECB: Press Release, 3.2.11: Monetary policy decisions, February 2011 http://www.ecb.int/press/pr/date/2011/html/pr110203.en.html

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