Monday, January 31, 2011

Eurozone Inflation Hits 2.4%

Eurozone inflation in January hit an annualized rate of 2.4%, well above the European Central Bank target of 2.0%.

The ECB has an interest rate policy setting meeting this Thursday.  It is unlikely that the ECB will raise rates at the meeting, but the rhetoric for future rate hikes will be thick. Of course, with anyone of the PIIGS needing bailout money at any moment, the success of a long-term responsible ECB monetary policy is on a par with the likely success of Charlie Sheen's latest visit to rehab.

1 comment:

  1. It's this kind of thing that is going to spread around the globe and it proves that we are not out of the water when it comes to this mess. Makes me wonder what went on at Davozos in conjunction to the attack on gold I watched take place with ExactPrice