The European Central Bank raised interest rates for the first time since 2008, but ECB President Jean-Claude Trichet moved to soften expectations that the step would be followed by a rapid series of rate increases to ward off inflation risks.
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Thu, 04/07/2011 - 8:57am
The European Central Bank raised interest rates for the first time since 2008, but ECB President Jean-Claude Trichet moved to soften expectations that the step would be followed by a rapid series of rate increases to ward off inflation risks.