ECB, perhaps the rising cost of money

Jean-Claude Trichet already announced curbs on the rise in the cost of borrowing after the crisis of mortgages Americans at high risk he has put in sobbuglio the European exchanges, the president of the Bank
From the European Central Butapest ago know that the cost of borrowing could also be stopped temporarily. Within months it was windy, among observers of the
ECB the concrete possibility that in the month of settebre in triunione of the ECB, the decision that the cost of money would have been a further increase of 0.25% and then to rise to 4.25% but that seems to be more cosà ¬ granted. After the crisis of loans to high risk, which occurred after the runione dell 'Eurotower held in August, President Trichet that "there are no roads forced" with respect to rates and ensuring that the European Central Bank "follows closely the trend of the market "and with regard to statements made after the meeting on August 2" are history "to the turmoil in financial markets' risks' s inflation of 'the Euro will be reviewed in the next meeting of September 6 and only then will a decision on rates. The President also said, stressing that "in order to Eurotower is essential to stabilize inflation expectations," and that "at its meeting in August, the ECB had not engaged in any way with regard to the future orientation of the 'Institute regarding interest rates. Since then, the ECB has not made an official reassessment of rates, on September 6 at the next council of the ECB. "

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