interestrateripoff Posted June 9, 2011 Share Posted June 9, 2011 http://www.bbc.co.uk/news/business-13713283 The European Central Bank (ECB) has kept interest rates in the eurozone unchanged at 1.25%.In April, the bank increased rates for the first time in almost two years. Most analysts expect the central bank to raise rates again in July to curb inflation in some of the eurozone's 17 member states. A bit more time for the piigs. Quote Link to comment Share on other sites More sharing options...
mattyfc Posted June 9, 2011 Share Posted June 9, 2011 Apparently Trichet is going to signal a rise in July. I would be rather surprised if he does considering the € is already very strong and the massive debt issues in the periphery. Does anyone outside of the ECB / EU really believe Greece, Spain, Portugal will ever grow enough not to go bust whilst inside the eurozone? Quote Link to comment Share on other sites More sharing options...
The Eagle Posted June 9, 2011 Share Posted June 9, 2011 Trichet mentioned "strong vigilance" so the rate rise in July seems assured. Quote Link to comment Share on other sites More sharing options...
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