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Featured Articles: GEMS of the Week
Category: ECB Interest Rates
The news items published under this category are as follows.
Friday, February 08, 2008
ECB Smoke and Mirrors to Mask Explosive Money Supply Growth Fueling Inflation / Interest-Rates / ECB Interest Rates
By: Gary_Dorsch
European Central Bank chief, Jean "Tricky" Trichet, likes to operate behind a veil of "Smoke and Mirrors" in managing the Euro zone's monetary policy, which is designed to fool most people, most of the time. Most importantly, "Tricky" Trichet, has fueled the fastest growth in the Euro M3 money supply in history, running at three times the rate of the ECB's original guidelines, deemed consistent with low inflation.
So it shouldn't have been a surprise to learn that inflation in the Euro zone hit an all-time high of 3.2% in January, and far above the ECB's inflation target of 2 percent. Euro zone producer price inflation picked up to an annual 4.3% in December, led by higher food and energy costs. Trichet and his band of propaganda artists have given plenty of lip service to fighting inflation in recent months, but behind the veil of "Smoke and Mirrors", haven't lifted a finger to put empty words into action.
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Thursday, February 07, 2008
European Central Bank (ECB) Monetary Policy Interest Rate Decision Statement / Interest-Rates / ECB Interest Rates
By: ECB
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. Let me report on the outcome of our meeting, which was also attended by Commissioner Almunia.
On the basis of our regular economic and monetary analyses, we decided at today's meeting to leave the key ECB interest rates unchanged. This decision reflects our assessment that risks to price stability over the medium term are on the upside, in a context of very vigorous money and credit growth. The current short-term upward pressure on inflation must not spill over to the medium term. The firm anchoring of inflation expectations over the medium and long term is of the highest priority to the Governing Council, reflecting its mandate.
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Sunday, July 08, 2007
Interest Rate Rises - Bank of England Today, European Central Bank in September? / Interest-Rates / ECB Interest Rates
By: Paul_L_Kasriel
As widely expected, the Bank of England (BOE) raised its policy rate by 25 basis points to 5.75% this week. This represents a cumulative increase of 125 basis points in a year's time. Although the European Central Bank (ECB) held its policy rate steady at 4.00%, its president, Claude Trichet, hinted that there would be more rate increases in the not-too-distant future.Read full article... Read full article...
Wednesday, June 06, 2007
The ECB Takes Another Step Toward Reining In Global Liquidity / Interest-Rates / ECB Interest Rates
By: Paul_L_Kasriel
Today the European Central Bank (ECB) raised its policy interest rate 25 basis points to a level of 4.0%. Today's rate hike brings the cumulative increase to an even 200 basis points since the ECB started hiking its policy rate in December 2005. Comments by ECB President Trichet suggest that the ECB is not yet finished raising its policy interest rate.Read full article... Read full article...
Wednesday, June 06, 2007
ECB Raises European Interest Rates to 4% / Interest-Rates / ECB Interest Rates
By: Nadeem_Walayat
As widely expected the European Central Bank today raised its key benchmark rate by 0.25% to 4% on the back of a strengthening Euro zone economy. This marks the eighth rise since December 2005.Read full article... Read full article...
