By Polya Lesova
LONDON (MarketWatch) -- The European Central Bank kept on Thursday its key interest rate unchanged at 1.25%, as expected. The ECB had raised the rate by 25 basis points at its April meeting in a bid to stave off rising inflationary pressures. After Thursday's announcement, the euro was trading unchanged at $1.4829 compared with $1.4834 earlier in the session. Attention will now turn to ECB President Jean-Claude Trichet's upcoming press conference, where he may give hints about future rate hikes.
