Wednesday, June 6, 2007

Trichet Says Monetary Policy Is `Still Accommodative' After Rate Increase

(Bloomberg) -- European Central Bank President Jean-
Claude Trichet said interest rates in the 13 euro nations are
still low enough to support economic growth.

``After today's increase, given the positive economic
environment in the euro area, our monetary policy is still on
the accommodative side,'' Trichet said at a press conference in
Frankfurt today.


Read more at Bloomberg Bonds News

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