ECB interest rates unchanged
The key European Central Bank interest rates will remain unchanged for now, the ECB's governing council announced today.
However, the governing council said it would "exercise strong vigilance in order to ensure that risks to price stability over the medium term do not materialise.
"Such vigilance is particularly warranted in a context of ample liquidity and still very low levels of nominal and real interest rates across the whole maturity spectrum, implying an overall accommodative monetary policy stance," the council said in a statement today.
"For monetary policy to make an ongoing contribution towards supporting growth and employment in the euro area, inflation expectations must be firmly anchored," it added.
A re-acceleration of economic growth in the first quarter of 2006 contributed to the ECB's decision.
