KBC Flash

The Bank of England cuts rates, but the ECB signals no early easing

Fri, Dec 7 2007, 08:52 GMT
by KBC Market Research Desk

KBC Bank


While the Bank of England cut interest rates by 25 bps in the face of the credit turmoil, the ECB left rates unchanged and struck a quite hawkish line at its press conference. We think a range of factors prompted Mr. Trichet to sound hawkish today, but remain of the view that ECB policy rates will fall to 3.5% by next Summer.

Published on  Fri, Dec 7 2007, 08:55 GMT

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