A quick, decisive, Fed-led program of dollar purchasing would stabilize the currency and re-set levels for the 40-plus nations pegged against it. It would bring oil prices down by an estimated 20 to 30 percent.
Euro zone economic growth is likely to be weak in the second and third quarters before staging a recovery, and second-round inflation effects need to be prevented, ECB President Jean-Claude Trichet said.
Monday, 14 Jul 2008 | Source: CNBC.com
An intervention to prop up the U.S. dollar is very likely if the greenback's slide continues, as U.S. policymakers' attitude towards a weak currency has shifted dramatically over the past year, a forex strategist tells CNBC Europe.
Thursday, 3 Jul 2008 | Source: CNBC.com
Euro-zone rates rose to 4.25% as the central bank fights inflation, but ECB President Jean-Claude Trichet's message was slightly dovish.
Wednesday, 2 Jul 2008 | Source: CNBC.com
When European Central Bank President Jean Claude-Trichet announces his decision tomorrow on interest rates, investors will be paying far more attention to what he says than what he does.
Wednesday, 2 Jul 2008 | Source: CNBC.com
A petition to halt interest rate hikes in the euro zone notwithstanding, European Central Bank President Jean-Claude Trichet will in all likelihood boost interest rates when the policy makers meet Thursday.
Wednesday, 2 Jul 2008 | Source: CNBC.com
The world's biggest central banks are pulling in opposite directions and it seems their efforts are only contributing to one thing: a weaker dollar. Vote for your preferred central banker.
Wednesday, 2 Jul 2008 | Source: Reuters
There is a risk inflation will "explode" if the European Central Bank does not act decisively to counter it, ECB President Jean-Claude Trichet was quoted on Wednesday as saying.
Wednesday, 2 Jul 2008 | Source: Reuters
U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown.
Monday, 30 Jun 2008 | Source: Reuters
Euro zone inflation jumped to a record high of 4.0 percent in June, cementing expectations the European Central Bank will raise interest rates this week despite slowing economic growth.
Wednesday, 25 Jun 2008 | Source: CNBC.com
Inflation risks have increased in the medium term and the European Central Bank stands ready to counter inflationary pressures, ECB President Jean-Claude Trichet told the EU Parliament on Wednesday.
Tuesday, 24 Jun 2008 | Source: Reuters
Germany may report a shrinking in its economy for the second quarter of this year and stagnation would probably be a positive outcome, Deputy Economy Minister Walther Otremba said on Tuesday.
Tuesday, 24 Jun 2008 | Source: The New York Times
In the view of a central banker, the worst thing about skyrocketing food and energy prices is not their rise, but that most people think higher prices are here to stay, the New York Times reported.
Monday, 23 Jun 2008 | Source: Reuters
Euro zone services and manufacturing activity both fell unexpectedly into contraction in June, a key survey showed on Monday, although the weakness may not be pronounced enough to deter an ECB rate hike in July.
Tuesday, 17 Jun 2008 | Source: Reuters
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.