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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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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.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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