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Euro Gaps Higher After 6 Global Central Banks Act on Swaps
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Philipp Encz
Siemens AG
Corporate Communications and Government Affairs
Business and Financial Press (TV)
Wittelsbacherplatz 2
80333 München, Deutschland
Tel.: +49 (89) 636 32934
Fax.: +49 (89) 636 30085
Mobil: +49 (162) 437 8798
mailto:philipp.encz@siemens.com
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Trichet Shifts to Inflation-Fighting Stance as EU Fights Crisis
He stressed numerous times that the unwinding of non-standard (emergency) measures is in no way connected with the level of its main benchmark lending rate. This basically means that the ECB could very well LIFT rates before it has completely rolled back its NSMs. Consequently, the Euro spikes against the USD and e.g. Citi's economists are bringing forward their rate hike predictions to 'second half of 2011' vs. 2012. July 2008, here we come again?
