Trichet on predicted path

ECB delivers sixth rate rise in 12 months


The European Central Bank delivered its sixth rise in borrowing costs in 12 months on December 7, raising its economic growth forecasts and cutting its inflation projections, but signalling a more cautious approach to further rate increases. The widely predicted 25-basis points rate increase lifted the ECB’s benchmark refinancing rate to 3.5 percent, the highest level for official rates in the 12-member Eurozone since 2001. But speaking at a press conference following a meeting of the bank’s 18-...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now