Trichet signals ECB interest rate rise

Author (Person)
Series Title
Series Details 1.7.11
Publication Date 01/07/2011
Content Type

Inflation in the eurozone was steady at 2.7% in June 2011, with continuing pressure on prices likely to trigger a rise in eurozone interest rates in July 2011, the head of the European Central Bank hinted on the 30 June 2011

Jean-Claude Trichet, speaking to the European Parliament, reiterated that the bank was 'in a state of strong vigilance' – a phrase which usually signals a quarter-point rate rise at the following ECB meeting.

Related Links
European Parliament: Press Release, 30.6.11: Jean-Claude Trichet: 'History will be severe' http://www.europarl.europa.eu/en/pressroom/content/20110627IPR22636/html/Jean-Claude-Trichet-History-will-be-severe

Subject Categories
Countries / Regions