On July 8, 2010 (May 27, 2010 in the lunar calendar), the European Central Bank announced that it would maintain the 1.0% dominant interest rate in the euro zone unchanged. Berlin, July 8, 2010. The European Central Bank announced on the 8th at its headquarters in Frankfurt that it would keep the dominant interest rate of the 16-country euro zone unchanged at 1.0%. Since May 2009, the European Central Bank has maintained the euro zone's dominant interest rate at this historical low. ECB President Trichet hinted at his monthly press conference that the ECB will not raise interest rates anytime soon as eurozone governments are cutting fiscal deficits to fight the debt crisis. He said: "The central bank's governing board believes the current interest rate is appropriate. Inflation expectations remain firmly under control." Market participants said that with the current unstable economic growth and relatively small inflationary pressure, the European Central Bank will still maintain low interest rates to promote economic growth in the euro zone. It is expected that the European Central Bank will not raise interest rates until next year. Trichet also said banks and regulators must take appropriate action to strengthen the banking industry's resilience to shocks and safeguard the health of the European financial system. He said he welcomed the decision of the European Commission to publish the results of stress tests on European banks. European banking regulators announced on June 30 a list of 91 banks to be tested. The results of the banking stress test will be released on July 23 to increase transparency and quell market doubts about the health of Europe's banks. The EU's influence on the world is gradually increasing