Trichet Says Europe Recovering Faster Than Forecast, Money Market Improving

European Central Bank President Jean- Claude Trichet said Europe is recovering faster than forecast and money markets are improving, paving the way for the ECB to phase out liquidity tools used to fight the financial crisis. “The available data for the third quarter are better than expected,” Trichet told reporters in Frankfurt today after the ECB’s Governing Council kept its benchmark rate at a record low of 1 percent. – Bloomberg

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.