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Reuters: E C B May Need A .50% Hike

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UPDATE 2-Inflation fuels ECB rate rise talk, GDP unclear

Fri Apr 28, 2006 4:21 PM BST

(Page 1 of 2)

(adds new quotes on debate over May or june rate move)

By Jan Strupczewski

BRUSSELS, April 28 (Reuters) - News of
significant rises in inflation
and business confidence fuelled financial market talk on Friday of a
half-point hike in ECB
interest rates in June with some people asking if such a move should not come sooner.
"Having wrong-footed the market in April by virtually ruling out a May rate hike, the ECB now faces a dilemma of its own making," Bank of America economist Holger Schmieding said.

The IR hiking wave is coming harder and faster than Gordon had hoped leaving him sitting on an ever wobbly fence. A .50% on the IR Richter scale may send the Euro soaring and the pound plunging.

Anyone sensing we are in a fast changing and very uncertain period?

Edited by Realistbear

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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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