Summary
Relief in the West Midlands that the Bank of England opted to leave its official interest rate unchanged at 5.25 per cent yesterday was muted by fears that last month's surprise increase may still not be the last.
That impression was reinforced by a tough statement from Jean- Claude Trichet, president of the European Central Bank after a no- change decision on eurozone rates.See the full content of this document
Extract
Fears That January Rise May Not Be Last
He promised "strong vigilance"
in defence of stable prices. Asked if that meant the ECB will raise its rate from the present 3.75 per c...See the full content of this document
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