Growth risks will be Trichet’s biggest test
OTB News (Free subscription) | 08/11/2008
Criticism of the policy decisions that the European Central Bank has taken over the past year has been misguided, writes David Mackie
OTB News (Free subscription) | 08/11/2008
Criticism of the policy decisions that the European Central Bank has taken over the past year has been misguided, writes David Mackie
Mish's Global Economic Trend Analys (Free subscription) | 08/08/2008
Bloomberg is reporting Euro Slumps to Five-Month Low on Reduced Bets for Higher Rates . The euro slumped to a five-month low against the dollar as traders pared bets that the European Central Bank will raise interest rates due to a slowing economy. The euro also fell to a three-week low versus Japan's currency after ECB President Jean-Claude Trichet said economic growth will be "particularly weak"...
SignalBlog (Free subscription) | 08/08/2008
European Central Bank President Jean-Claude Trichet said some of the risks the ECB had previously identified as factors that would curb euro zone growth are now ‘materializing’. Answering questions during a news conference after the ECB Governing Council decided to keep its key rates steady, he said the latest information suggests ‘the materialization’ of some of [...]
SignalBlog (Free subscription) | 08/08/2008
European Central Bank president Jean-Claude Trichet warned Thursday that inflation in the region will stay at elevated levels and that the risks point to further increases. He argued that ECB’s current monetary policy stance will help maintain price stability in the medium term as well as keep medium and long-term inflation expectations firmly anchored. The ECB lifted [...]
MarketBeat (Free subscription) | 08/07/2008
Is Jean-Claude Trichet going wobbly or just recognizing reality? The dollar has bounced sharply higher against the euro in the wake of the European Central Bank head’s press conference, after the ECB elected to maintain its current 4.25% base rate for the eurozone. However, a few tweaks in the ECB’s statement, as well as acknowledgement [...]
Eurozone Watch (Free subscription) | 07/24/2008
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 [...]
OTB News (Free subscription) | 07/18/2008
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
Real Time Economics (Free subscription) | 07/18/2008
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 [...]
Real Time Economics (Free subscription) | 07/11/2008
People’s inflation expectations are “well anchored,” Trichet said, according to the . But there is no room for complacency, and the ECB will continue to carefully monitor firms’ price and wage-setting behavior and “do what is needed to deliver price stability over the medium term.” Inflation in the 15 nations that share the euro hit a 16-year high of 4% in June. Currently high inflation rates must...
OTB News (Free subscription) | 07/09/2008
European Central Bank president sounds alarm over the spill-over effects of soaring oil prices, saying ‘first signs’ of danger are emerging in eurozone labour markets
SignalBlog (Free subscription) | 07/09/2008
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 [...]
OTB News (Free subscription) | 07/09/2008
The European Central Bank president sounded the alarm over the spill-over effects of soaring oil prices, saying the “first signs” were emerging that inflation dangers had spread into eurozone labour markets, in remarks also confirming that the ECB was not yet envisaging an interest rate hike
Independent.ie - European RSS Feed (Free subscription) | 07/07/2008
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.
Inbox Robot: Swiss Reinsurance News (Free subscription) | 07/04/2008
FOREX-Dollar keeps gains on U.S. payrolls, Trichet TOKYO, July 4 (Reuters) - * Dollar holds most of gains made after U.S. payrolls data * Euro
whoar.co.nz (Free subscription) | 16 hours ago
“.. In a matter of weeks, the euro has been pounded into ground-chuck while the dollar has regained much of its former glory. What gives? The mighty greenback has surged 6% in the last month alone. Apparently, the early reports of the dollar’s demise have been greatly exaggerated. The euro is caught in the same [...]