ECB's Trichet indicates another rate increase isn't imminent

05/27/2011 | Wall Street Journal, The

Jean-Claude Trichet, president of the European Central Bank, said he is monitoring "upside risks" of inflation, but he indicated that higher interest rates are not imminent. "What we hear right now is in line with a July hike," said Carsten Brzeski, an economist at ING Bank. "They are satisfied with what is priced" into financial markets.

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Wall Street Journal, The