Sunday, October 5, 2008

Ecb Worried About Stagflation - Keeps Rates Unchanged

As widely expected, the European Central Bank’s (ECB) governing council unanimously voted to keep its key interest rates unchanged on Thursday.The council’s decision was fairly easy as both Eurozone inflation and money supply M3 growth have reversed direction recently, coming off their record highs seen earlier this year. ECB president Jean-Claude Trichet said the[...]

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[Source: The Money Blogs]

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