http://www.bloomberg.com/news/economy/economies.html
The ECB is ready ``at any time'' to raise its benchmark interest rate from a six-decade low of 2 percent to ward off inflation as economic growth accelerates, President Jean-Claude Trichet said Nov. 9. The region's economy grew at the fastest pace in more than a year in the third quarter.
``It's been clear for a long time that the ECB wants to raise rates and now the time seems to have come,'' said Christoph Weil, a senior economist at Commerzbank AG in Frankfurt, who expects the bank to raise interest rates as early as next month. ``The economy is doing slightly better and that will give room to move.''
The ECB is ready ``at any time'' to raise its benchmark interest rate from a six-decade low of 2 percent to ward off inflation as economic growth accelerates, President Jean-Claude Trichet said Nov. 9. The region's economy grew at the fastest pace in more than a year in the third quarter.
``It's been clear for a long time that the ECB wants to raise rates and now the time seems to have come,'' said Christoph Weil, a senior economist at Commerzbank AG in Frankfurt, who expects the bank to raise interest rates as early as next month. ``The economy is doing slightly better and that will give room to move.''
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