The European Central Bank has kept interest rates on hold at 1.25 percent, and the markets are now waiting for the signal that it will continue with its monetary policy normalization in July, if president Jean-Claude Trichet says that the bank will remain "strongly vigilant" on inflation.
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The European Central Bank looks set to keep its benchmark interest rate stable at 1.25 percent at its June 9 meeting, analysts told CNBC.com. Policymakers will remain "strongly vigilant" on inflation and global growth concerns, meaning that a rate rise in July looks likely.
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