Growth prospects have brightened ... Against this background and due to the excess liquidity in the euro zone, which is a threat for price stability, the ECB will hike interest rates in 2006 to 2.75 per cent. |
Growth prospects have brightened ... Against this background and due to the excess liquidity in the euro zone, which is a threat for price stability, the ECB will hike interest rates in 2006 to 2.75 percent. |
Momentum in the economy is gathering pace and the ECB are likely to give quite a hawkish outlook in the press conference, which could trigger further bond losses. Today's rate increase certainly won't be the last. |