(Bloomberg) -- The euro slid against the dollar as
comments by European Central Bank President Jean-Claude Trichet
prompted traders to pare bets that interest rates will rise
twice more this year.
The ECB today lifted its benchmark rate to a six-year high
of 4 percent, as predicted by all 52 economists Bloomberg
surveyed. Trichet said after the decision that the bank will
``closely monitor'' inflation. Previously, he has used the term
``strong vigilance'' to signal higher borrowing costs.
Read more at Bloomberg Currencies News
comments by European Central Bank President Jean-Claude Trichet
prompted traders to pare bets that interest rates will rise
twice more this year.
The ECB today lifted its benchmark rate to a six-year high
of 4 percent, as predicted by all 52 economists Bloomberg
surveyed. Trichet said after the decision that the bank will
``closely monitor'' inflation. Previously, he has used the term
``strong vigilance'' to signal higher borrowing costs.
Read more at Bloomberg Currencies News
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