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ECB and BoE meeting Review

Fri, Feb 9 2007, 07:40 GMT
by Marina Schiaffino

FXstreet.com

ECB and BoE meeting Review

As broadly expected ECB as well as the BoE, have both left their interest rate unchanged at 3.50% and 5.25% respectively. However, at the post meeting press conference, Jean-Claude Trichet, indicated that the ECB would raise rates on its March 8th meeting.

Check the effect that the result of the meetings is having over the pairs in our Rates and Charts Section or compare the movements of the different banks in our World Interest Rates Table. You can also express your opinion in the FOREX FORUM polls: ECB leaves rates unchanged as expected and BoE leaves rates at 5.25%

• Monetary policy decisions at ECB
• Bank Rate Maintained at 5.25% at BoE
• Review the opinion of our Forex Guru Tony Juste at The Advisor Blog.
  

In-Depth Analysis

• The ECB can afford to wait by FX Solutions
• ECB Confirms Interest Rates to Rise in March by KBC Bank
• ECB: Trichet indicates March hike by Danske Bank A/S
• Morning Report - Euro remains firm following Trichet comments by Westpac Institutional Bank
• European and US summary - The euro rallies across the board after ECB signaled a possible rate hike in March by Forexnews.com
• Daily Fx Strategy - ECB Helps Euro, BoJ Hurts Yen by CMC Markets NY
• Mid-Day Forex Technical Report - Euro Still in Range after "Vigilance" from Trichet by ActionForex.com
• Forex Trading Strategies - BoE kept Rates at 5.25% by Saxo Bank

Related News

• ECB leaves Key Interest Rates unchanged (FXstreet.com)
• Trichet issues strong call for wage moderation (AFX News)
• ECB Q&A:Inflation This Year "Already Done" In ECB Thinking -3 (Dow Jones)
• Trichet says still believes yen level should reflect Japanese economic recovery (AFX News)
• Trichet says ECB must exercise 'strong vigilance' on inflation risks UPDATE (AFX News)
• “Strong vigilance” on prices needed, according to Trichet (FXstreet.com)
• Euro steady, pound softer after ECB, BoE leave rates unchanged (AFX News)
• Euro Climbs Further On Trichet Comments (Dow Jones)
• BoE keeps key repo rate unchanged at 5.25 pct (AFX News)
• BoE skips Feb but spring rate hike stays firmly in view (AFX News)

Analysts' Comments

• Ian McCafferty, chief economic adviser at CBI:
  "The Bank has decided that last month's surprise increase is enough for now and needs to assess the impact on inflation and the economy before deciding the next move. However, the economy is still growing rapidly and concerns remain about more ingrained inflation, with firms putting up prices in the face of a profit squeeze and a far from certain outcome in the current pay round. So, it is too early to say if interest rates have peaked." - AFX News
• Kevin Hawkins, BRC Director General:
  "This is a sensible decision. It will give the retail sector some much needed breathing space after the shock of last month's hike. The impact of three increases in seven months has not yet been fully felt and a further hit to consumer confidence would have come at a significant price." - AFX News

Published on  Fri, Feb 9 2007, 10:02 GMT