Tuesday, Nov 21, 2006

ECB warns of inflation complacency

ECB calls for inflation vigilance: BBC News

The president of the European Central Bank (ECB) has warned that rising inflation fuelled by oil prices remained a concern in global markets. Jean-Claude Trichet said that while the global economy was set for "dynamic growth" in 2007, there was "no room for complacency" over price rises.

Posted by jellycaster @ 06:32 PM (428 views)
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3 Comments

1. sirgoogle said...

I smell an IR rise. And about time too.Inflation in The Netherlands seems to be quite high in "real" non-CPI terms

Tuesday, November 21, 2006 07:35PM Report Comment
 

2. paul said...

Well of course we have two inflation measures in the UK

Real Price Index

and

Contrived Price Index

Tuesday, November 21, 2006 07:53PM Report Comment
 

3. Ticktock said...

Those kill-joy EEC bankers just refuse to accept that Anglo-Saxon bubble economics is the way to go! They won't consider 1% short rates and 15% money supply growth in combination, and they won't swap their gold for yankee paper either!
Don't they understand that in the new world, long term stability is for wimps. Short term profiteering and social chaos is what they need, I mean whats the worst that can happen when a global economic system collapses, liberals and 'academics' are ridiculed, the division between the State and Corporations is removed, and Nationalism blooms? Don't those Europeans know anything?

Lest we forget.

Tuesday, November 21, 2006 09:20PM Report Comment
 

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