Trichet gives strong hint on ECB rate rise

Speaking at the Frankfurt European Banking Congress on Friday 18 November the president of the ECB provided a much more explicit hint than he has on the need for an imminent rise in eurozone interest rates.

The euro rose sharply on Friday afternoon after Trichet's comments that the European Central Bank may raise interest rates on 1 December.

He said: "After two years and a half of maintaining interest rates at a level that is exceptionally and historically low, I consider that the Governing Co

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