ECB chief warns of 'upward risks' to price stability

Article Abstract:

Jean-Claude Trichet, president of the European Central Bank, has signaled that the bank will be giving priority to the rate of inflation in its consideration of economic factors affecting its upcoming decision regarding interest rate policy. Speaking before a committee of the European Parliament in Brussels, Trichet emphasized that he believes "second round effects in wage and price setting" should be avoided.

Economic Programs, Administration of Economic Programs, Labor Distribution by Employer, Analysis, Statistics, Inflation (Finance), Inflation (Economics)

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ECB flirts with idea of an interest rate boost

Article Abstract:

Jean-Claude Trichet, the president of the European Central Bank, has suggested that the ECB may soon raise interest rates in an effort to stave off the effects of high oil prices on Europe's already fragile economy. However, economists warn that an increase, which would be the first in four years, could end up derailing the economy instead of strengthening it.

United States, Forecasts, trends, outlooks, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Asia, Petroleum & Energy Products, Economic aspects, Forecasts and trends, International aspects, Economic conditions, Market trend/market analysis

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