FXNEWS-ECB to hold rates for rest of year-Economy.com
Thu, Oct 2 2008, 15:09 GMT
http://www.afxnews.com
Oct 2 (Reuters) - Moody's Economy.com expects the ECB to keep its policy rate on hold at 4.25 percent for the rest of the year before it gradually eases in early 2009. "However, the chance that the ECB will soon ease monetary policy has increased," economist Zach Witton at the firm writes in a note. "Despite the recent financial turmoil, European Central Bank President Jean-Claude Trichet held the line at his post-meeting press conference on Thursday. Although his tone was slightly less hawkish, he expressed a neutral monetary policy bias."
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