Friday, January 14, 2011

C’mon Trichet!

Europe's Central Bank Warns on Prices .

"ECB President Jean-Claude Trichet scrambled to counter an unexpected rise in euro-zone inflation, signaling that he won't hesitate to raise rates if recent signs of price pressures become firmly entrenched". "Money-market rates rose during Mr. Trichet's press conference, and the euro jumped above $1.33 against the U.S. dollar as investors reassessed their European interest-rate forecasts".

Posted by alan @ 09:05 AM (803 views)
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