Jump to content
House Price Crash Forum


Recommended Posts


...led by France, Spain, Italy.

That should upset the Germans.

what chance of interest rate rises now?

Unfortunately the ECB is immune to growth risks and Trichet keeps repeating the mantra that they only have a single mandate, i.e. to maintain price stability. I remember a speech by Axel Weber (German member of ECB) late last year when he stated the ECB may have to increase interest rates even against a sharp economic downturn. The hawks are in a majority on the ECB Governing Council and it is notable that in the past 2 weeks, since the last ECB meeting, Governing members have failed to use the opportunity to express concerns about economic growth to the media and to try and downplay market assertions that another rate hike is imminent. Expect politicians to up the ante over the next 2 weeks.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.