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BCA: ECB will gradually hike rates
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Author BCA: ECB will gradually hike rates
HenryTo
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PostPosted: Mon Jun 19, 2006 2:34 pm    Post subject: BCA: ECB will gradually hike rates Reply with quote
Does not foresee a monetary squeeze based on the relatively low core rate and the "output gap" in the Euro Zone.

http://www.bankcreditanalyst.com/public/story.asp?pre=PRE-20060619.GIF

Just like Japan, I believe the ECB will keep the discount rate relatively low for the foreseeable future.
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