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Trichet: 'No bias' on interest rates
By:Haligonian
Date: Thursday, 3 July 2008, 10:03 am

Trichet: 'No bias' on interest rates (by William L. Watts)

LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Thursday said he had "no bias" on future interest rates following the decision earlier in the day to hike its key interest rate by a quarter point. The ECB doesn't "precommit" to rate moves, he said, in his monthly news conference. Trichet said the decision to hike rates was unanimous.