(Bloomberg) -- European Central Bank President Jean- Claude Trichet said interest rates at current levels are “appropriate” and the euro region’s economy will start to recover in the middle of 2010.
“The current rates are appropriate,” Trichet said at a press conference in Luxembourg after the ECB left its benchmark rate at a record low of 1 percent. “After a phase of stabilization, a phase of recovery is expected around mid- 2010.” Inflation pressures will be “dampened,” he said.
Source : http://www.bloomberg.com/apps/news?pid=20601087&sid=a1tv7T.vrvGo
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