European Union

European Central Bank Rate Decision Timeline

Lisa Auret, Special to

April 10 2008 -- The European Central Bank kept rates on hold at 4 percent, as widely expected.

The ECB's current monetary policy will help to maintain medium term price stability at this time of upside inflation risks and financial market tension, ECB President Jean-Claude Trichet said. He acknowledged that turmoil in financial markets was unusually high and tensions might last longer than initially expected.