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Jean-Claude Trichet


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European Business Confidence in Free Fall: Thank you Mr. Trichet?

The global downturn has now hit Europe with its full force. Today, not only PMIs fell across the euro-zone. Also the German ifo-index took a bad hit, experiencing the largest one-month-drop since the recession of 2001. Both the expectations as well as the current conditions index dropped sharply. The expectations component is now not far [...]

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Trichet sees eurozone growth rebound

Eurozone growth is likely to rebound later this year after the current weak patch, Jean-Claude Trichet, president of the European Central Bank, has argued in comments that suggested he sees the region avoiding a severe downturn

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Trichet: Growth Slightly Worse, but Inflation Worries Augmenting

ECB President Jean-Claude Trichet, in an interview with four European newspapers, sounds a moderately more downbeat note about euro-zone growth, warns the inflation threat may be augmenting and says euro-zone banks appear to have enough cash on hand. Highlights: Trichet Euro-zone growth prospects moderately dimmer: Mr. Trichet says the ECB’s “base line scenario” is now that growth [...]

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Trichet says G7 has to look closely at adverse effects of excessive forex moves

European Central Bank President Jean-Claude Trichet said the G7 has to look closely at the adverse effects of excessive movements in exchange rates. ‘It is important that we look very carefully at the possible adverse effect of excessive fluctuations on both financial stability and growth,’ Trichet said in closing remarks in the European Parliament’s annual debate [...]

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Trichet says public supports rate hike

tHE President of the European Central Bank (ECB), Jean-Claude Trichet, has fended off French criticism of the ECB's interest rate rise, saying he had received positive public feedback on its first rate hike in more than a year.

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Trichet: ‘Risks to Price Stability … Clearly on the Upside’

Here is the text of prepared remarks by ECB chief Jean-Claude Trichet at a press conference following the bank’s quarter-point rate increase Thursday morning. Jean-Claude Trichet, President of the ECB, Lucas Papademos, Vice President of the ECB Frankfurt am Main, 7 July 2008 Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to today's press [...]

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ECB’s Trichet Echoes Early Morning Comments

Speaking on Ireland’s RTE radio and German N-TV, European Central Bank President Jean-Claude Trichet repeated comments made on Thursday morning at the ECB’s press conference after hiking the benchmark interest rate by 25 bps to 4.25%. Trichet said that he had no bias on monetary policy and that the move earlier on Thursday would help deliver [ Read more... ]

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Trichet says energy consumers must accept high prices but criticises cartels

European Central Bank president Jean-Claude Trichet said energy consumers must learn to live with high oil prices although producer cartels are having an abnormal impact on the oil markets. ‘The shift in relative prices and the related transfer of income from commodity-importing countries to commodity-exporting countries have to be accepted. They require a change in the [ Read more... ]

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Paulson Discusses Currencies With Trichet

Treasury Secretary Henry Paulson said he discussed the situation of global currencies with European Central Bank President Jean-Claude Trichet. Paulson “We talked about currencies, not just the dollar and the euro, but currencies on a global basis, in Asia,” Paulson told a small group of journalists, but he declined to reveal details of the discussion. He made the [...]

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Euro Still in Selloff Mode Following Trichet Presser, ECB Decision

The EUR/USD was just off session lows after comments by European Central Bank President Jean-Claude Trichet prompted broad-based losses for the currency. The euro was down 0.0170 to 1.5713 against the American dollar, having dropped nearly two cents to a session low of 1.5695 since the start of Trichet’s conference at 8:30 a.m. EDT. In his [ Read more... ]

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Trichet hints at more than one ECB rate rise

INVESTORS raised bets on ECB interest rates going even higher than today's expected hike, after European Central Bank president Jean-Claude Trichet said there was a risk of inflation "exploding" if central banks did not act decisively.

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Trichet rejects oil price link to trading

Jean-Claude Trichet, European Central Bank president, has rejected the argument that speculators are behind recent sharp rises in world commodity prices Share This

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Trichet: ECB in a State of “Heightened Alertness” on Inflation

Jean-Claude Trichet told MEPs on Wednesday that it was “possible” a small increase in interest rates would be made next week to ensure inflationary expectations remained anchored. The European Central Bank President also said speculation was not the “major culprit” behind rising oil and food prices.

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Trichet may use interest hike again to control inflation

EUROPEAN Central Bank President Jean-Claude Trichet left open the option of raising interest rates again after next month, to contain accelerating inflation.

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Trichet Says ECB is in a State of Heightened Alertness

Speaking at a conference in Belgium, ECB President Jean Claude Trichet told the gathering that the ECB is in a state of heightened alertness and that the market correction is ongoing. Trichet said that financial integration would help create noninflationary growth in Europe. Similar Posts:ECB’s Weber Says Central Bank in “Heightened State of Alertness” Trichet Refuses to Comment [ Read more... ]