Tag: Jean-Claude Trichet

• Monday, May 9th 2011 - 16:54 UTC

  Global central bankers concerned with commodity markets’ volatility

  

  Global central bankers voiced concern about recent volatility in commodity markets, saying they needed to better understand its impact on inflation at a time when some emerging economies may be overheating.

• Monday, April 25th 2011 - 07:09 UTC

  An Italian, ‘Super Mario’, the leading candidate to replace Trichet at ECB

  

  France considers Bank of Italy Governor Mario Draghi the leading candidate to succeed Jean-Claude Trichet at the helm of the European Central Bank. However the key decision maker, German Chancellor Angela Merkel, has yet to tip her hand. Merkel’s aides have indicated that Germany, Europe’s biggest economy, no longer insists on a German to succeed Trichet.

• Thursday, April 7th 2011 - 19:05 UTC

  Euro zone raises interest rate fearing inflation; “sorry peripheral countries”

  

  Euro-zone interest rates have been raised to 1.25% from the record low of 1% by the European Central Bank (ECB). Interest rates had been held at 1% for just under two years following the financial crisis and global recession.

• Saturday, March 12th 2011 - 23:39 UTC

  Euro-zone tightens budget rules; bail-out facility will buy bonds directly from governments

  

  European leaders widened the scope of the Euro’s rescue fund, authorized it to buy government bonds and eased the terms of Greek bailout loans as they unexpectedly pushed through fresh measures to end the bloc’s debt crisis.

• Thursday, March 3rd 2011 - 19:14 UTC

  Prepare for a “possible” interest rise in Euro zone warns ECB President Trichet

  

  The president of the European Central Bank has said that a rise in Euro zone interest rates was “possible” at its next policy meeting in April. Jean-Claude Trichet said the ECB was “in a posture of strong vigilance” against rising inflation.

• Wednesday, February 16th 2011 - 22:34 UTC

  Trichet blames Euro-zone inflation spike on emerging economies rapid recovery

  

  The European Central Bank is not surrendering its price stability objective for crisis management policy, the bank's President Jean-Claude Trichet said. He also argued that the recent spike in Euro zone inflation is due to the current rapid economic recovery in emerging markets and not due to the currency bloc's sovereign debt crisis.

• Monday, February 14th 2011 - 15:46 UTC

  Germany opposed to ECB buying sovereign bonds from indebted members

  

  Germany's hopes for the next European Central Bank (ECB) chief to be a German have been hit after another possible candidate ruled himself out of the job. Ex-finance minister Peer Steinbrueck said he was not interested in the role as he shared the same views as outgoing Bundesbank President Axel Weber.

• Thursday, February 3rd 2011 - 21:17 UTC

  With inflation pressures ‘contained’, ECB leaves interest rates unchanged

  

  European Central Bank (ECB) has kept interest rates in the Euro zone unchanged at a record low 1%, despite fears of increasing inflation. Speaking at a press conference after the rate decision, the ECB president Jean-Claude Trichet claimed that inflation pressures remained contained.

• Friday, January 28th 2011 - 14:22 UTC

  Euro is Not Going Through a Crisis According to European Central Bank President

  

  The euro is not going through a crisis, although in some countries if the EU there are problems which must be solved, said the President of the European Central Bank Jean Claude Trichet. “There is no euro crisis. That is absolutely clear,” he added.

• Thursday, January 27th 2011 - 19:55 UTC

  France and Germany Committed to European Single Currency

  

  European leaders and business people met on Thursday at the World Economic Forum in Davos, Switzerland. President Sarkozy said both he and German Chancellor Angela Merkel were firm in their commitment to the European single currency.