ECB rate unchanged for 16-consecutive month, investors await Trichet press conference

ECB policy makers left interest rate at its historical low of 1.00% in July, in line with the previous and median estimates. Holding the rate at its current level is seen as the suitable decision for the current period from the bank's point of view amid the sluggish growth in various European countries that have been struggling from sovereign debt.All eyes are focused on Trichet as he speaks at