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FXstreet.com (Barcelona) – The Monetary Policy Committee of the European Central Bank has decided to maintain interest rates at 4% after their monthly meeting held on Thursday.

The bank has decided to maintain a “wait and see” approach to act in relation to the impact of credit market turmoil. The focus is now on Jean Claude Trichet’s news conference due to 12:30 GMT for hints over the possibilities of further rate hikes before the end of the year and how to deal with the effects of the United States's subprime mortgage crisis.

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