ECB Raises Benchmark Rate By 25 bps
ECB raised key benchmark rate to 1.25% from 1.00%.
Posts Tagged ‘ECB Key Rate’
Trichet Paves The Way For A Interest Rise Next Month
Bloomberg:
European Central Bank President Jean-Claude Trichet said the ECB may raise interest rates next month to fight accelerating inflation pressures.
An “increase of interest rates in the next meeting is possible,” told reporters in Frankfurt today after the centralbank left its key rate at a record low of 1 percent. “Strong vigilance is warranted,” Trichet said, adding that any increase would not necessarily be the start of a “series” of moves.
Bank of America Repaying TARP
Bank of America announced that it will repay all bail out funds. Bloomberg link: Bank of America to Repay Bailout, Easing CEO Search. The stock is trading up 4% despite massive dilution. No comment. Initial jobless claims were reported at 457.000 vs. 466.000 and 485.000 consensus. Again falling steady. Bloomberg story: U.S. Jobless Claims Unexpectedly […]