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Trichet Says Markets "sensible" To Price Ecb Hikes

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http://www.tiscali.co.uk/news/newswire.php...y_template.html

Trichet says markets "sensible" to price ECB hikes

20/02/2006 19:47

By Stella Dawson

BRUSSELS (Reuters) - Financial markets are "perfectly sensible" in expecting the European Central Bank to raise interest rates in March and to keep tightening credit after that, ECB President Jean-Claude Trichet said on Monday.

Inflation risks are firmly to the upside in a steadily expanding economy, and the ECB must be vigilant in ensuring that price expectations remain stable given the high energy costs, Trichet told an European Parliament committee.

Against this backdrop, Trichet called market expectations for future ECB rate hikes "reasonable."

EU tightening, US tightening......

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EU market rates are shooting up at the moment. The ECB needs to raise rates soon.

I had a builder tell me how lucky we were to have cheap houses, because he knew some Irish property investor buying up places because they were cheap.

I am really going to enjoy watching that Irish bubble pop.

There has just been far too much gross stupidity masquerading as "business savvy".

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  • 302 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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