ECB to leave rates on hold at 3.5%?
Thursday, 8 February 2007 09:18
The European Central Bank is expected to leave interest rates at 3.5% today but it's also expected to signal a rates increase in March.
Today at the press conference following the ECB rates decision all ears will be listening out for bank chief Jean Claude Trichet using the phrase "strong vigilance".
This is because every rate hike since the ECB began raising rates in December 2005 has been preceded by a warning of "vigilance".
Meanwhile the Bank of England is expected to keep interest rates on hold at 5.25% today, but after last month's shock rates hike another is possible today.