DUBLIN (Reuters UK) - Euro zone growth is likely to be weak in the second and third quarter before staging a recovery, and the risk of second-round inflation effects needs to be taken seriously and prevented, ECB President Jean-Claude Trichet said. "Our base-line scenario is...
By Marc Jones FRANKFURT (Reuters UK) - The European Central Bank raised interest rates to their highest level in nearly seven years on Thursday, but dimmed the prospect of further moves, as euro zone growth looks set to falter despite soaring inflation. After the ECB raised...
FRANKFURT AFP — European aerospace bosses met Thursday with Jean-Claude Trichet, head of the European Central Bank, to voice concern over the surge in the value of the the euro against the dollar, an industry body said. EADS boss Louis Gallois, Rainer Ott, chairman of the German group...
STRASBOURG AFP — Inflation in the 15 countries sharing the euro -- at the "worrying"level of 4.0 percent in June -- risks staying high in the months ahead, ECB President Jean-Claude Trichet warned on Wednesday. "In the wake of renewed sharp commodities price increases, inflation arrived at the...
WORLD MARKETS Shares rose as banks gained after a surprise shift in eurozone rate expectations, and pharma-ceuticals benefited from a move into perceived safe-haven assets. The ECB delivered an expected quarter- point rise in euro-zone interest rates but its President, Jean- Claude Trichet, hinted at no more...
The European Central Bank has increased eurozone interest rates by a quarter percentage point to 4.25 per cent, amid worrying signs that the oil price boom and the credit crunch are getting worse rather than better. Yesterday's increase, the ECB's first for more than a year, reflects...
FRANKFURT AFP — The European Central Bank ECB raised its main interest rate by a quarter of a point to a seven-year high point of 4.25 percent on Thursday to choke record inflation as economies slow down. And ECB head Jean-Claude Trichet signalled that this was not necessarily...
LONDON AFP — The euro weakened against the dollar Thursday, despite a hike in eurozone interest rates, as dealers focused on comments from the head of the European Central Bank suggesting further rate rises were not imminent. The single European currency in late-day trade was at 1.5707 dollars,...
FRANKFURT AFP — The European Central bank raised eurozone lending rates Thursday to fight record inflation but ECB chief Jean-Claude Trichet signalled the bank had not embarked on a series of hikes. With the bank's main lending rate now at a seven-year high of 4.25 percent, Trichet told...
FRANKFURT AFP — Stiff inflation and stagnating growth put European Central Bank independence in the spotlight Wednesday as politicians and ECB president Jean-Claude Trichet crossed swords ahead of an expected interest rate hike. The bank will almost certainly raise its benchmark rate to 4.25 percent on Thursday to...
FRANKFURT AFP — Stiff inflation and stagnating growth put the European Central Bank in the spotlight on Thursday, as investors look past a widely expected interest rate hike to what might lie ahead. The bank will almost certainly raise its benchmark rate to 4.25 percent, with ECB president...
FRANKFURT AFP — Markets are bracing for a eurozone interest rate hike Thursday, with the European Central Bank tipped to resist pressure from politicians who want to it focus on spurring growth and not just on curbing inflation. Analysts meanwhile have begun to ask whether insatiable inflation could...
FRANKFURT AFP — US Treasury Secretary Henry Paulson will meet with European Central Bank President Jean-Claude Trichet here next week during the former's five-day tour of Europe, an ECB spokeswoman said Friday. Paulson would visit the ECB headquarters on Tuesday, two days before the bank announces its latest...
BRUSSELS AFP — European Central Bank head Jean-Claude Trichet distanced himself Wednesday from suggestions of a series of interest rate rises in the eurozone ahead of an expected 25-basis-point hike next month. "I did not say that we would envisage a series of increases, I did not say...
BRUSSELS, June 25, 2008 AFP — European Central Bank head Jean-Claude Trichet played down any suggestion of several rate rises in the eurozone on Wednesday, telling the European parliament he had never said that "we would envisage a series of increases". Trichet said: "I did not say that...
LONDON AFP — The dollar fell against the euro and rose slightly versus the yen on Wednesday as the Federal Reserve appeared set to maintain the current level of US interest rates, analysts said. Meanwhile, European Central Bank head Jean-Claude Trichet played down any suggestion of several rate...
TOMORROW: British Bankers' Association mortgage approvals; ECB president Jean-Claude Trichet speaks in Brussels; American house prices. WEDNESDAY: CBIdistributive trades survey; Federal Reserve announcement on interest rates. THURSDAY: Bank of England Governor Mervyn King at the Treasury Select Committee; US unemployment. ...
VIENNA, June 16, 2008 AFP — The European Central Bank is in a state of high alert over inflation and the financial markets are correct in expecting an imminent move on interest rates, a top ECB official said in a newspaper interview here on Monday. The ECB's rate-setting...
In a sign of a more aggressive attitude by the world's central bankers to the threat of rising inflation, the President of the European Central Bank, Jean-Claude Trichet, suggested yesterday that the ECB would be prepared to raise interest rates as early as next month. At the...
Articles 2008-06-06
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