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Monday, June 13, 2011

Trichet refused to promise interest rates caused by tumbling euro

hexun Exchange message 9th European Central banks announced interest rate meeting to maintain the benchmark interest rate unchanged, market focus on the Central Bank Governor Trichet's remarks after the meeting. Speech by Mr Trichet said inflation in the eurozone remains on high alert. Strong vigilance means that central banks may be in the position of July interest rate hike, but Trichet also stressed the strong prior commitments of the European Central Bank does not raise interest rates. While, Trichet also stressed has high inflation risk of while, is expected eurozone 2011 GDP increases in 1.5%-2.3% Zhijian; eurozone 2012 GDP increases in 0.6%-2.8% Zhijian, and EU statistics Wednesday announced of data display eurozone first quarter domestic production worth (GDP) per cent growth has reached 2.5%, this means with eurozone in this year next of time within GDP growth or will slowing, economic prospects also prompted funds accelerated outflow. Under the influence of Mr Trichet speech the euro dollar there is rapid decline, as ' 21:51, EUR/USD is 1.4506, while the euro fell to the lowest 1.4483.