FXstreet.com (Barcelona) - The European Central bank voted today to maintain the official bank rate at 4% at their monthly monetary policy meeting.

The focus is now at Trichet's news conference due at 13:30 GMT for further explanations about the outlook on the Bank´s policy in a moment of high inflation, running above 3% year-on-year and well above the banks' band for price stability's upper limit, higher oil and food prices and the uncertainty derived from the U.S. credit crisis.