Monday, January 24, 2011

What’s All That Buzz 1-24-11

The president of the European Central Bank, Jean-Claude Trichet, signals that facing mounting inflation fears the ECB could raise interest rates in the future. While the globe is still recovering from the latest global economic crisis, inflation is already accelerating. Rising prices of raw material and volatile commodities such as food and energy became more evident in recent months. Trichet reasons that budget discipline and sound fiscal policies rather than renewed stimulus will help economic recovery in Europe.

To read more about this topic, please visit The Wall Street Journal

No comments:

Post a Comment