Thursday, Dec 20, 2007
Race to the bottom coming up?
Bloomberg: Trichet May Be Forced to Drop Focus on Inflation
Economists at Deutsche Bank AG, Royal Bank of Scotland Group Plc and Morgan Stanley say Trichet ( who told the European Parliament yesterday that efforts to deliver price stability and encourage banks to lend are ``totally separate'' ) may be forced to follow the Bank of England and the Federal Reserve in cutting interest rates as higher credit costs hurt the broader economy
Posted by alan @ 08:46 AM (174 views) Add Comment
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