Wall Street Journal
March 16, 2011
The European Central Bank's concerns about inflation haven't abated since its last meeting, but uncertainties including the unfolding crisis in Japan could affect interest-rate decisions in coming months, a top ECB official said.
The remarks by Bank of Finland Governor Erkki Liikanen, made in an interview with The Wall Street Journal, suggest an interest-rate increase in April remains a strong possibility. But he signaled the ECB isn't yet on the verge of multiple rate increases, saying these are "uncertain times" and that there is no evidence of sharply higher wages or expectations of future inflation.
Those types of "second round" effects worry central bankers most because they amplify otherwise temporary increases in energy, food and commodity prices.
More
No comments:
Post a Comment