The ECB has just announced a 25 bp rate hike to 4.25%, as expected - and strongly hinted at last month’s press conference.
At last month’s press conference, it was clear that the pick up in inflation and inflation expectations was a major concern for them (”it is imperative tp secure that medium to longer term [...]
Entries Tagged as 'Euro Zone'
ECB hikes rates to 4.25%; as expected
July 3rd, 2008 · No Comments
Tags: Euro Zone
Eurozone - The door is clearly open for higher rates
June 7th, 2008 · No Comments
ECB clearly ups the hawkish ante…
While delivered with a French accent, this week’s press statement had a decidedly Germanic tone with its clear hawkish leanings redolent of ECB Council uber hawks Weber and Liebscher. The opening paragraph contained a clear threat of higher rates via the insertion of notes that “…inflation is now expected to [...]
Tags: Euro Zone
Hawkish comments following today’s ECB meeting point to a rate hike in July
June 5th, 2008 · No Comments
Euro-Zone
Unusually blunt comments from ECB President Trichet today indicated that Euro-zone rates are likely to move higher in the near future. Market is revising its forecasts accordingly, and now sees a 25bps rate hike in July. Market expects rates to stay at 4.25% for the rest of 2008, rather than falling at the end of [...]
Tags: Euro Zone