Euro ministers warn against rate hikes

Finance ministers meeting in Brussels renewed their calls for the European Central Bank to refrain from interest rates hikes. ECB chief, Jean-Claude Trichet met with the 12 eurozone ministers on Monday 7 November.

"Given the gradual recovery that we are in, we should take a steady-hand (policy) approach especially when core inflation is only 1.5 percent," Austrian Finance Minister Karl-Heinz Grasser said.

Trichet did not comment himself but financial markets were set on the idea that a rate ris

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: