Trichet Warns of `Protracted' High Inflation
Unlike the Federal Reserve, Trichet and the EC are very concerned with high Inflation:
Remember, the EC has a single charge -- maintaining price stability -- and is not concerned with maximizing growth . . .
Source:
Trichet Sees `Rather Protracted' High Inflation
Gabi Thesing and Christian Vits
Bloomberg, May 8 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZrZpAw8DbmI&
Friday, May 09, 2008 | 03:30 AM | Permalink
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Yes he did and the European yield curve fell 15bps out at the ten-year end and 12bps at the front. So the bond market clearly doesn't give a hoot about this inflation.
Posted by: Simon | May 9, 2008 4:59:51 AM
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