Search
0
0
Monetary−policy meeting in the ECB on 10 April 2008
Thu, Apr 10 2008, 07:23 GMT
by Helle Varming
Interest-rate announcement
Current interest rate level: 4.00%
• In favour of unchanged interest rates:
- • Inflation is still considerably above the central bank’s target of approx. 2%.
- • Several ECB members have recently underlined that inflation is the primary target.
- • Fear that rising energy and food prices will in the long term result in higher wage increases.
• In favour of an interest-rate hike of 25 bp:
-
• Slowdown of economic growth
-
• Slightly weaker PMI index for the euro zone since the last monetary-policy meeting
-
• The turmoil in the financial markets continues
-
• The strong EUR has a dampening effect on inflation
Market expectations: unchanged
Our expectations: unchanged
Published on Thu, Apr 10 2008, 07:32 GMT
Archive
- Monetary-policy meeting at the ECB
Published On Wed, May 7 2008, 13:14 GMT - Monetary-policy meeting in the ECB on 10 April 2008
Published On Thu, Apr 10 2008, 07:23 GMT - Monetary-policy meeting at the ECB
Published On Wed, Feb 6 2008, 09:38 GMT
Jyske Bank
| Vestergade 8-16, DK-8600 Silkeborg
http://www.jyskebank.com | jyskebank@jyskebank.dk
Legal disclaimer and risk disclosure
The analysis is based on information which Jyske Bank finds reliable, but Jyske Bank does not assume any responsibility for the correctness of the material nor for transactions made on the basis of the information or the estimates of the analysis. The estimates and recommendations of the analysis may be changed without notice. The analysis is for the personal use of Jyske Bank's customers and may not be copied.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.