ECB on hold

Posted by Dean Popplewell at 9:01 am UTC, 10/08/2009

As expected, the ECB kept rates at a record low (+1.00%) this morning. Policy makers are weary of a stronger EUR impeding their recovery process. Last week Trichet said that

A strong dollar is ‘extremely important’ for the world economy, and Europe appreciates ‘enormously’ the U.S. government’s preference for a strong dollar

Bloomberg News

Filed under: Forex Round Up, USD, EUR, GBP, CHF, JPY, AUD, CAD

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ECB on hold

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