Trichet Says ECB's Focus Is Inflation; Toughens Lending
- 04:39:37
- Bloomberg
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Trichet Says ECB's Focus Is Inflation; Toughens Lending
European Central Bank President Jean-Claude Trichet speaks at a news conference in Frankfurt about the outlook for the euro-region economy, the ECB's decision to keep interest rates on hold and plans to tighten lending rules for financial institutions. Policy makers decided to leave the benchmark lending rate at a seven-year high of 4.25 percent to fight rising prices even as the economy teeters on the brink of a recession. (Source: European Central Bank)
Bloomberg | September 4, 2008
