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Source: news.google.com --- 7 hours ago
ECB president says stable prices protect most vulnerable in society Forbes - 58 minutes ago PARIS (Thomson Financial) - ECB president Jean-Claude Trichet told an economic forum in southern France that price stability protects the most vulnerable members of society. Lagarde Calls Trichet's Rate Outlook `Encouraging' (Update1) Bloomberg ECB chief says got positive feedback on rate rise guardian.co.uk Financial Times - New York Times - Seeking Alpha - Reuters all 1,870 news articles ... Source: au.rd.yahoo.com --- 22 hours ago
As expected the European Central Bank lifted rates 0.25% to 4.25% as oil soared above & #36;US146 a barrel in Europe.And in the US the jobs market worsened: 62,000 jobs were lost last month, the unemployment rate remained at 5.5% and a further 55,000 jobs were lost in revisions of figures for previous months.Sweden's central bank boosted its key rate as well several hours before the ECB lifted its rate for the first time in a year.The boost came after early figures on Monday showed eurozone inflation hitting 4%, the highest it has been since the euro started back in 1999.But the odds are that the ECB move will be a one and only upward push: Bank President, & #160;Jean Claude Trichet said after the decision was revealed that the bank had no bias for future actions. he didn't use words like 'vigilance' which are seen as code for being on the brink of another rise.In struggling Britain figures were released confirming that the country's services sector contracted last month, joining manufacturing in slumping.And the Bank of England released a report showing that UK banks plan to cut credit to business and consumers in coming months: consumers have already started cutting their demands by slashing demand for home mortgages.Shares fell in Asia (but not China and Taiwan, which were higher). Markets were lower in Europe before and after the ECB's move, which now puts extra pressure on the US dollar and the US Federal Reserve. Wall Street rebo ... Source: news.google.com --- 18 hours ago
ECB's dovish tone weakens euro Financial Times - 44 minutes ago By Peter Garnham The euro sold off sharply this week after the European Central Bank signalled it was not planning another rise in eurozone interest rates. France's Sarkozy Questions If ECB Rate Increase `Reasonable' Bloomberg Fighting Inflation, Europeans Raise Rate New York Times MarketWatch - Reuters - Forbes - Wall Street Journal all 1,859 news articles ... Source: news.google.com --- 1 day ago
France's Sarkozy Questions If ECB Rate Increase `Reasonable' Bloomberg - 1 hour ago By Simon Kennedy July 5 (Bloomberg) -- French President Nicolas Sarkozy recommenced his criticism of the European Central Bank today, asking it was ``reasonable'' for it to have raised the region's key interest rate this past week. Fighting Inflation, Europeans Raise Rate New York Times Euro flat after post-ECB dip MarketWatch International Herald Tribune - Reuters - Wall Street Journal - Forbes all 1,851 news articles ...
Source: edition.cnn.com --- 1 day ago
Read full story for latest details. ... Source: economics.about.com --- 1 day ago
The European Central Bank did what the Fed decided against - a 25 basis point rate hike. The details: The minimum bid rate on the main refinancing operations of... ... Source: www.moreover.com --- 1 day ago
Trade the News Staff - www.tradethenews.com/freetrial.asp?gv *** ECONOMIC DATA *** ·SZ June CPI: M/M 0.2% v 0.3%e || Y/Y 2.9% v 3. 1%e ·SP June Services PMI: 36.7 v 43. ... Source: online.wsj.com --- 23 hours ago
The European Central Bank raised its key interest rate by a quarter-percentage point to 4.25%. Trichet suggested a series of rate increases was unlikely, even as he strove to keep his options open. ... Source: www.bloomberg.com --- 1 hour ago
Jose Mauricio Rodriguez Montalvo rents a room from his sister to help her afford her basement flat in Madrid as mortgage costs soar. ... Source: www.ft.com --- 23 hours ago
Governor Claude Trichet's soothingly doveish comments, after the European Central Bank raised interest rates on Thursday, raised hopes that rates are now on hold ... Source: www.ft.com --- 1 day ago
Jean-Claude Trichet attempts to defuse political criticism of the European Central Bank's move to lift its main interest rate by a quarter percentage point to 4.25% ... Source: www.ft.com --- 1 day ago
Europe's divisions over inflation were highlighted on Friday when José Manuel Barroso, European Commission president, defended the European Central Bank against political critics ... Source: www.fxstreet.com --- 1 day ago
The dollar is trading near a two-month low against the euro as economists and traders forecast the European Central Bank will raise its main interest rate by a quarter- percentage point to 4.25% and U.S. payrolls are predicted to drop for a sixth month. The currency was also near a three-week low versus the yen on speculation an industry report today will show growth in U.S. services industries slowed for a second month. ``Bad news comes from the U.S. everyday,'' said Toru Umemoto, chief ... Source: business-times.asiaone.com --- 12 hours ago
(PARIS) If pay rises have been modest for years, why is the European Central Bank (ECB) talking up the risks of a 'wage-price spiral' reminiscent of recession and the birth of mass unemployment in the 1970s? As the ECB increased interest rates on Thursday, the answer looked less about evidence of serious wage-surge and more about proving that the ECB means business when it pledges to prevent inflation from getting out of hand in the longer term. ... Source: www.ert.gr --- 1 day ago
The ECB increased its benchmark rate by a quarter point to 4.25 percent, the highest since 2001. It is the first central bank within the Group of Seven to tighten monetary policy since financial markets seized up last August ...
Source: www.france24.com --- 1 day ago
In his latest spat with the European Central Bank, French President Nicolas Sarkozy criticized the bank's decision to hike interest rates to their highest level in nearly seven years. ... Source: www.independent-bangladesh.com --- 1 day ago
Rate rise signalsREUTERS, FRANKFURT- The European Central Bank's interest rate rise sends a signal that it is serious about combating inflation, policymakers said as they staged a public relations offensive to justify Thursday's increase.A day after raising rates to a seven-year high of 4.25 percent, policymakers around the 15-nation region denied that the increase would choke economic growth and said... ... Source: www.cricket365.com --- 7 hours ago
The ECB have described Zimbabwe's withdrawal from the World T20 as their "minimum" solution. ... Find more search results for ECB on RSSMicro.com |
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Reuters - The European Central Bank's interest rate rise sends a signal that it is serious about combating inflation, policymakers said as they staged a public relations offensive to justify Thursday's increase. ...
(This entry is also posted at the RGE Euromonitor blog) I don't know how many of my readers are dedicated followers of the day-to-day rhythm of market movements but with an important US unemployment report and a much awaited ECB interest rate decision to think about I imagine that many a trader and broker spent a good part of yesterday holding their breath. In the former case the data confirmed that the US economy is stuck knee deep in stagflation as unemployment held stubbornly at that 5.5% "statistical quirk" while payrolls registered the sixth consecutive month of job losses, shedding 62.000 jobs. If the latest US employment data may have raised an eyebrow here and there, the decision taken by Trichet and his governing council almost certainly will not have (introductory statement here ) since the 25 basis point hike was more or less expected by everyone. As I suggested earlier this week the quarter point increase was never really in doubt, and attention was focused on the extent to which Trichet would use the opportunity of the "pre-announced" increase to lock market expectations in to an expectation of further rate tightening. Personally I was always skeptical about this possibility, and in particular given the numerous off the cuff commentaries emanating from members of the governing council that 4.25% constituted some kind of magic nominal rate to anchor inflation expectations. Yesterday's accompanying statement from Trichet on ...