Articles > Newspapers > International Newspapers, Major Markets > The Press articles > May 2005

Article: ECB dismisses call to cut interest rates

Article from:
The Press
Article date:
May 25, 2005
Copyright

European Central Bank (ECB) president Jean-Claude Trichet has dismissed calls for lower interest rates, saying a cut would only make the euro zone's problems worse.

But ECB chief economist Otmar Issing said risks to price stability had eased since last autumn, in a further sign that rates are unlikely to rise any time soon.

Giving evidence to the European Parliament, Trichet said yesterday that ECB policymakers had agreed at their last interest rate meeting this month that cutting borrowing costs without reforming the euro zone economy would do more harm than good.

"I am very, very clear on that," Trichet told the parliamentary Economic and Monetary Affairs Committee. "The last time we ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: OECD says ECB should leave euro-zone ...
AP Worldstream;  November 29, 2005 ;     367 words ... ... increase in euro-zone interest rates, warning Tuesday ... said that low interest rates had contributed ... under way in the euro zone. Nevertheless ... and said the euro-zone recovery would ... warrant higher interest rates until "later ...

Article: Euro-zone interest rates hold steady
International Herald Tribune;  September 1, 2006 ;     437 words ... ... Bank on Thursday held interest rates steady at 3 percent ... as signaling higher interest rates as soon as October ... Overall sentiment in the euro zone sagged, ending an ... month rising trend.Euro-zone inflation, meanwhile ...

Article: EURO ZONE INTEREST RATES UNCHANGED ...
Belfast Telegraph;  July 3, 2009 ;     264 words ...EURO ZONE INTEREST RATES UNCHANGED The European Central Bank kept euro zone interest rates unchanged at 1% yesterday, with the bank's president, Jean ...

Article: ECB: EURO ZONE INTEREST RATES PITCHED ...
European Report;  December 24, 1998 ;     700+ words ... ... Bank of Italy, set their interest rates at 3% as part of an unprecedented ... steer monetary policy in the Euro zone, when it takes over at the ... its potential impact on the Euro zone, via import or production ... on monetary policy in the Euro zone. The Governing Council ...

Article: European Central Bank to decide if it should change euro ...
AP Worldstream;  October 6, 2005 ;     488 words ... ... it should adjust interest rates for the euro zone, with analysts predicting ... last week forecast euro-zone inflation to jump ... investment, low interest rates, robust corporate ... should support the euro-zone economy. Britain ...

Article: Euro zone interest rates to reach 3%.
Sunday Business (London);  May 14, 2006 ;     700+ words ... ... Allister Heath May 14--Interest rates are set to increase to 3 percent in the euro zone this year, despite disappointing ... Some institutions believe euro-zone rates could be hiked to ... this week, confirming euro-zone growth of 2 percent over ...

Article: European Central Bank leaves euro zone ...
AP Worldstream;  October 6, 2005 ;     700+ words ... ... released last week forecast euro-zone inflation to jump from ... from net exports." Euro zone exports have increased ... exports, investment, low interest rates, robust corporate earnings ... consumption should support the euro-zone economy. Fighting inflation ...

Article: ECB puts euro zone interest rates on ...
The Irish Times;  July 3, 2009 ;     477 words ... ... EUROPEAN Central Bank (ECB) kept euro zone interest rates at 1 per cent yesterday, bolstering ... analysts' expectations that euro zone rates will stay on hold until ... economies. Figures this week showed euro zone prices are now falling. Mr ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives