BoE on Hold, ECB hikes and Trichet's dovish comments

BOE KEPTS ITS INTEREST RATE UNCHANGED AT 5.25%.

ECB HIKED ITS INTEREST RATE BY 252BP TO 3.75% FROM 3.5% AND WE SAW THE DOVISH COMMENTS ROM ECB PRESIDENT TRICHED WHERE HE DID NOT USE THE WORD LIKE "STRONG VIGILANCE" AND "INTEREST RATE ARE STILL LOW". AND HE SAID THAT ECB WILL BE WATCHING INFLATION VERY CLOSELY.