Euro Central Bank meets in Dublin
The European Central Bank is unlikely to cut interest rates when its governing council meets in Dublin later today.
It is the ECB’s first gathering outside its headquarters in Frankfurt, Germany this year.
Inflation in the 12-nation Euro zone has hit an 8-year high of 3.4%, ranging from 2.5% in France to 5.4% in the Netherlands.
Ireland’s rate, according to Eurostat currently stands at 4.3%.
:: The Central Bank was expected to resist Europe-wide calls for a reduction in key interest rates following figures this week pointing to a growing rate of inflation throughout the community.
