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Europe Daily Bulletin No. 9487

25 August 2007
GENERAL NEWS / (eu) eu/economy
ECB keeps tight rein on monetary policy

Brussels, 24/08/2007 (Agence Europe) - In a press release published on Wednesday 22 August, the European Central Bank (ECB) said that the ECB's Governing Council's position on monetary policy had been expressed by its President on 2 August 2007. The financial crisis over the past fortnight on the international markets due to sub-prime mortgage foreclosures in the United States has not changed the official position of the ECB, proud of its independence. Earlier in the summer, ECB President...