Tuesday, Feb 27, 2007
If only the MPC were as vigilant!
FT: Eurozone money supply hits 17-year high
Money supply in the eurozone grew faster in January than at any time since early 1990, raising expectations of further interest rate rises by the European Central Bank in the coming months.
M3, the money supply measure that the ECB uses as an indicator for the likely course of inflation, was 9.8 per cent higher last month than in January 2006, the bank reported on Tuesday.
Posted by tyrellcorporation @ 02:01 PM (148 views) Add Comment
1 Comment
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1. sirgoogle said...
8 March should be interesting. Looks like my Euro savings will get a well needed boost.