LONDON (MNI) – The European Central Bank is aiming the rate at its
3-month auction as close as possible to 1%, ECB President Jean-Claude
Trichet said today.
Speaking to a press conference in Lisbon today, Trichet said:
“I will only say it is not our intention at all that the result of
this would put the interest rate higher than 1%. We are aiming it will
be close to 1% – that is the intention of the Governing Council at the
moment I am speaking.”
–London newsroom, +44-207-862-7492; ukeditorial@marketnews.com
[TOPICS: M$$EC$,M$$CR$,MT$$$$,M$X$$$]
