Comment: Trichet's new strategy

Jean-Claude Trichet, president of the European Central Bank (ECB), on Thursday 2 February cemented expectations of a 25 basis point rate hike next month. The manner in which he has gone about flagging the move underlines the central bank's new communication strategy.

COMMENT BY CENTRALBANKNEWS

Speaking after yesterday's governing council meeting, which saw policy rates unchanged at 2.25%, Trichet said market expectations of a 25 basis point increase at the next meeting on March 2, are "reasonable"

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