http://www.fxstreet.com/fundamental/interest-rates/ecb-preview-of-july-3-meeting/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/interest-rates/ecb-preview-of-july-3-meeting/2008-07-02.htmlAt its meeting in June, the ECB caught everybody by surprise when Mr Trichet said, 'we could decide to move our rates (by) a small amount at our next meeting (in July)'. Having sounded this warning, it is hard to see the ECB not pulling the trigger without losing credibility. However, we do not expect a hike in July to mark the beginning of a new hiking cycle. The ECB still has to perform a difficult balancing act between dwindling growth prospects with downside risks and high inflation withWed, 02 Jul 2008 13:03:11 GMThttp://www.fxstreet.com/fundamental/interest-rates/danskeresearch@danskebank.com (Danske Bank A/S)http://www.fxstreet.com/fundamental/interest-rates/ecb-preview-of-july-3-meeting/2008-07-02.html