European Central Bank President Jean-Claude Trichet speaks about financial-market turbulence, asset prices and efforts by central banks to ease the credit crisis. The ECB has kept its key interest rate at a six-year high of 4 percent to fight inflation even after the U.S. housing slump pushed up credit costs worldwide and prompted the Federal Reserve to slash borrowing costs. He speaks at the International Capital Market Association's annual general meeting in Vienna.
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Added: May 15, 2008 |
| Category: Business |
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