ECB Preview: August interest rate decision

All analysts expect rates on hold at 1.00%, with focus on the 1330BST press conference Mr Trichet is expected to take a more bullish stance on the economic environment and likely suppress fears of deflation in the Euro-Zone after negative inflation figures last month Talk of exit strategies seen as premature to contemplate at this stage Patience has its limits. Take it too far, and its cowardice In spite of a rate cut during today’s meeting looking extremely unlikely, a reduction in interest