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Trichet Says Ecb Inflation View Under Study

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http://uk.reuters.com/article/2011/08/29/uk-ecb-trichet-inflation-idUKTRE77S2S320110829

The European Central Bank is reviewing the risks to price stability, ECB President Jean-Claude Trichet said on Monday, suggesting the bank could tone down its view on inflation pressures and keep interest rates on hold well into next year.

While Trichet said the ECB expected inflation to remain above 2 percent in the months ahead, he avoided saying there were "upside risks to price stability" -- language he used after the bank's last monetary policy meeting on August 4.

"Risks to the medium-term outlook for price developments are under study in the context of the ECB staff projections that will be released early September," Trichet said in a statement to European parliamentarians in Brussels.

In its last staff projections, released in June, the ECB forecast euro zone inflation in a range of 2.5-2.7 percent this year and 1.1-2.3 percent in 2012. It aims to keep inflation just below 2 percent.

A downward revision in the ECB's view of the threat posed by rising prices would relieve any pressure for it to follow up this year's two interest rate rises, taking the benchmark to 1.5 percent, with another hike.

Stable prices, I suppose inflation does create stable prices that always go up.

Trichet must be becoming a master at doublethink.

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Apparently the only principle that cannot be abandoned is that of protecting 'investors'- everything else is up for grabs- including democracy and the rule of law. They will seemingly make any sacrifice (on our behalf) to protect the one group involved who at least decided to risk their money, instead of just having it stolen from them by stealth.

When did 'investing' become a one way bet backstopped by the state- and why was't I told? :angry:

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Apparently the only principle that cannot be abandoned is that of protecting 'investors'- everything else is up for grabs- including democracy and the rule of law. They will seemingly make any sacrifice (on our behalf) to protect the one group involved who at least decided to risk their money, instead of just having it stolen from them by stealth.

When did 'investing' become a one way bet backstopped by the state- and why was't I told? :angry:

'investing' is looking to be a pursuit only profitable for the ones with the insider knowledge these days, the rest of us chumps are there to lose our shirts which ever way we call the market, right or wrong. The bankster now control both sides of the coin and while ever the idiot central banks keep giving them virtually free money they'll take it and place no lose bets on whatever they want. The banksters are the ones who are too big to fail, any sign of the cash cow being taken away and they start to tank markets right, left and centre. There is no reasoning with these *******, we are their slaves, we work so they can enjoy the finer things in life. Heads needs to start appearing on pikes...

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'investing' is looking to be a pursuit only profitable for the ones with the insider knowledge these days, the rest of us chumps are there to lose our shirts which ever way we call the market, right or wrong. The bankster now control both sides of the coin and while ever the idiot central banks keep giving them virtually free money they'll take it and place no lose bets on whatever they want. The banksters are the ones who are too big to fail, any sign of the cash cow being taken away and they start to tank markets right, left and centre. There is no reasoning with these *******, we are their slaves, we work so they can enjoy the finer things in life. Heads needs to start appearing on pikes...

Yes investing is a one way bet for only a select few, if the proles take a investment punt and lose we go bankrupt, if your a bank you get given a blank cheque.

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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