As expected, the European Central Bank has left its benchmark interest rate unchanged at 1.25%.
During the press conference by ECB President Jean-Claude Trichet, ECB followers will look for him for clues to a possible rate hike at the ECB's next meeting in June. If he uses the term, "strong vigilance", you can bet your grandmothers social security money that a June hike is coming.
No comments:
Post a Comment