ECB plays a waiting game

The ECB is expected to bide its time and hope that the economy sorts itself out, rather than raising or lowering interest rates, writes Emma Kennedy.

30th August, 2008

The ECB is expected to bide its time and hope that the economy sorts itself out, rather than raising or lowering interest rates, writes Emma Kennedy.

On Thursday, the governing council of the European Central Bank (ECB) will meet to discuss monetary policy and make its monthly announcement on interest rates.

Most analysts are confident that, despite weak economic data in the eurozone - and notably in Germany - there seems to be little prospect...

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