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Friday, November 21, 2008
Friday, November 21, 2008
Latest Procurement News
Posted: Thursday, July 03, 2008, 10:14AM
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KNOWLEDGE MANAGEMENT TAGS
"Risk Management"
Eurozone rate hike likely
Interest rates in the eurozone look set to rise as the European Central Bank grapples with the continued threat of inflation in the region.The ECB meet today to discuss their options and could opt for the first rate rise in 12 months.
Despite coming under pressure from some of Europe's most high-profile leads, French President Nicolas Sarkozy among them, the ECB president Jean-Claude Trichet is likely to resist calls to maintain rates at their current levels.
"After having carefully examined the situation, we could decide to move our rates [by] a small amount in our next meeting in order to secure the solid anchoring of inflation expectations, taking into account the situation," Trichet said at the conclusion of the ECB's last meeting.
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