Europe’s Next Rate Move May Be an Increase
Jan 10th, 2008 @ 2:30 PM|CARTER DOUGHERTY|NYT > Business
After the European Central Bank left its benchmark rate unchanged Thursday, the bank’s president suggested that its next interest rate move was most likely to be an increase.
Speaking at a press conference after the bank had left its benchmark rate unchanged at 4 percent, as had been widely expected, Jean-Claude Trichet, the bank’s president, said: “The governing council remains prepared to act pre-emptively so that second-round effects and upside risks to price stability over the medium term do not materialize.”
Fed Chief Signals Further Rate Cut
Jan 10th, 2008 @ 2:03 PM|MICHAEL M. GRYNBAUM|NYT > Business
Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again this month as it attempts to stave off a recession.
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