FRANKFURT --
Expectations of additional interest-rate increases by the European
Central Bank ebbed after the bank raised its key rate Thursday and
its president indicated that policy makers weren't inclined to
embark on a series of increases in coming months.
The ECB raised its
benchmark rate by a quarter percentage point to 4.25%. In a news
conference following the decision, President Jean-Claude Trichet
kept open his near-term options for interest-rate moves but
swatted down speculation about a string of increases, saying, "Starting
from here, I have no bias."
The ECB's
decision to increase its key rate, its first interest-rate move
...
