We don't know what [ECB president Jean-Claude] Trichet is thinking. And we won't know until we get to Thursday's meeting.
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We don't know what [ECB president Jean-Claude] Trichet is thinking. And we won't know until we get to Thursday's meeting.
The eurozone producer price index reading will give further clues as to inflationary pressures ... and with the ECB tipped to cut rates again when they meet later in the week, failure to see any slowdown in price increases could put (ECB President Jean-Claude) Trichet under pressure to consider whether (a reduction of) 50 basis points is in fact too aggressive.
clear indications from the Bank of England and Jean Claude Trichet (head of the European Central Bank) that rate cuts are on the cards next week. We are expecting an aggressive rate cut for the recession- entrenched UK, especially following the greater than expected contraction of GDP. However, this is by no means a certainty ...
I didn't expect them to really sort of take concrete measures if only because no matter what [European Central Bank President Jean-Claude Trichet] says ... they're 27 separate countries and 27 separate budgets and they each will do something slightly different according to how much in debt they are.
Along with increased stress on the financial system, 'brutal' currency movements, as [European Central Bank President Jean-Claude] Trichet has said, throws everything out of whack by making it hard for companies to project costs of foreign operations ... For these reason and others I believe the major central banks will intervene to support the dollar, should the U.S. Treasury's extra borrowing or the U.S. Federal Reserve's extra lending for the bailout lead to too large or too quick of a decline in the dollar.
This is the way we see things going on from now on ... It has to be looked at very, very carefully, country by country.
It is certainly the intention to continue to have close co-operation in this [area]
The impression of the market in general was that there was a lot of emphasis on the growth picture ... I dont see the risk of a very early rate cut by the ECB; nevertheless, the risks in our view have become a little more imminent due to his speech.