Monday, Jun 30, 2008

BCE to increase rates... Mr King, Frankfuft calling!

Yahoo France: BCE will increase interest rates to ease tensions on prices

Jean-Claude Trichet will probably ask for the main rate to be increased to 4.25% following the Euro zone inflation figures for June (4%).
This move appears as "almost certain and already integrated in the market" according to Stéphane Deo, economist at UBS.
Will this show the way to the BoE?

Posted by olivier @ 11:12 AM (235 views) Add Comment

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