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Trichet: ECB April rate hike 'possible' *PIC*

Trichet: ECB April rate hike 'possible' (by William L. Watts)

LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Thurday said the sense among the bank's Governing Council is that a rate hike in April is "possible," but not certain and will depend on incoming data. "We are never pre-committed" to rate moves, he said. Trichet, at his monthly news conference, said the ECB's decision to leave rates unchanged on Thursday was "unanimous." Trichet said any subsequent move to hike rates would "certainly not" be the start of a "series" of rate hikes. The euro remained up strongly versus the U.S. dollar at $1.3955, a gain of 0.7%.

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Trichet: ECB April rate hike 'possible' *PIC*