Sunday, February 3, 2008

Dilemma for the ECB

Eurozone inflation at new record

Consumer prices are now growing at their quickest rate in the 15-nations eurozone since records began in 1997. The rate is much higher than the European Central Bank's target of 2%. The ECB faces the tough challenge of controlling inflation, which can be done by raising interest rates, at a time when the economy is slowing. The problem is similar in the UK

Posted by sirgoogle @ 06:47 AM (443 views)
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One thought on “Dilemma for the ECB

  • Unfortunately the inflation threat will be quickly swept aside before the upcoming rate decision I suspect.

    Longterm view of inflation, short term view on interest rate cuts. We really are doomed to repeat the US’s mistakes.

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