Financial Time (Free subscription) | yesterday
Jean-Claude Trichet, the European Central Bank's president, emphasised the boldness of a 75 basis point cut in its main interest rate
1440 Wall Street (Free subscription) | 2 hours ago
Deflation concerns continue to dominate the financial headlines; Jean-Claude Trichet is in the hotseat as he battles the Bundesbank technocrats in Frankfurt, and attempts to craft a suitable policy response: “The ECB should lean against the wind as deflation talk inevitably becomes widespread,” said Marco Annunziata, chief economist at Unicredit MIB in London. “This would be best...
Cloudy Thinking (Free subscription) | yesterday
Jean-Claude Trichet’s statement after the 75-basis point rate cut by the European Central Bank. My opinion: things look pretty grim. This 75-basis point rate cut (3/4 of one percent) “follows the two 50-basis point reductions in the key ECB interest rates announced on 8 October and 6 November 2008.” [snip] (emphasis added) Since September [2008], there has [...]
World Economy & Development (Free subscription) | yesterday
Dec. 4 (Bloomberg) -- European Central Bank President Jean- Claude Trichet signaled he’s reluctant to cut interest rates so low that policy makers are “trapped” with few options to respond to a deepening recession. “We have to beware of being trapped at nominal levels that would be much too low,” Trichet said at a press conference in Brussels today. The ECB earlier lowered...
ireland.com (Free subscription) | yesterday
European Central Bank President Jean- Claude Trichet said the euro region’s economy will shrink next year after the bank delivered the biggest interest rate cut in its ten year history.
European Central Bank (Free subscription) | yesterday
Introductory statementJean-Claude Trichet, President of the ECB,Lucas Papademos, Vice President of the ECBBrussels, 4 December 2008Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference here in Brussels. I would like to thank Governor Quaden for his kind hospitality and to express our special gratitude to his staff for the excellent...
ireland.com (Free subscription) | yesterday
The euro extended losses against the US dollar today after ECB President Jean-Claude Trichet lowered growth expectations for 2009.
Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- The European Central Bank on Thursday cut its key lending rate to 2.5% from 3.25%. ECB President Jean-Claude Trichet is scheduled to hold his monthly news conference at 8:30 a.m. Eastern. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
The Earth Times Online Newspaper (Free subscription) | yesterday
Brussels - European Central Bank chief Jean-Claude Trichet ruled out Thursday any moves to ease the tough rules for euro membership so as to help pave the way for nations wanting to join the common currency. The euro has been enjoying a new-found pop...
The Earth Times Online Newspaper (Free subscription) | yesterday
Brussels - The European Central Bank (ECB) delivered an historic 75 basis points rate cut Thursday. But ECB chief Jean-Claude Trichet warned that the bank might not be in a rush to lower rates again, despite a rapid deterioration in Europe's economy....
BJP (Free subscription) | yesterday
Brussels, Dec 5 (DPA) The European Central Bank (ECB) delivered an historic 75 basis points rate cut Thursday. But ECB chief Jean-Claude Trichet warned that the bank might not be in a rush to lower ...
The Earth Times Online Newspaper (Free subscription) | yesterday
Frankfurt - The European Central Bank (ECB) delivered an historic rate cut Thursday with ECB chief Jean-Claude Trichet warning that Europe's economy faced a protracted downturnThe 75-basis-points reduction was the biggest rate cut since the notorious...
Mondo Visione (Free subscription) | 01/12/2008
EUROGROUP (AT) Eurogroup ministers will meet at 17:00 hrs on Monday 1 December. Joaquín Almunia, Commissioner responsible for Economic and Monetary Affairs will attend as will European Central Bank Governor Jean-Claude Trichet. A press conference is expected to take place after the meeting. Ministers will discuss the economic situation, with particular attention to the financial...
