Tuesday, September 5, 2006

Euro interest rates to keep rising

OECD sees Europe's economy strong

Europe's recovery seems "sufficiently robust", the organisation (OECD) says, to boost eurozone growth to 2.7% in 2006 - up from its May forecast of 2.2%. Growth of that magnitude would justify higher interest rates, OECD chief economist Jean Philippe Cotis said. Bad news for the Irish housing market

Posted by tom barry @ 08:12 PM (562 views)
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One thought on “Euro interest rates to keep rising

  • Organisation for Economic Development (OECD) – I’ve seen their predictions before. Usually wrong!

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