The European Central Bank has kept its main European banks drawn into downwards spiral ...
G20 examines slowing world economy, inflation ...
Champions Trophy postponed by ICC ... lending rate steady at 4.25 percent, despite growing pressure from the international banking crisis and slumping eurozone economies.
Worries that rising wages could stoke inflation helped convince ECB governors that the time was not yet ripe for a rate cut. The bank's president, Jean-Claude Trichet, said a cut was "considered", but rejected because it was still "crucial" to keep "inflation expectation in line."
(Deutsche Welle)
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