Interest rate policy – The dilemma of the ECB
Straubing (ots) – In the USA, where inflation is a good bit higher
than in Europe, a rate hike in several steps this year is as good
as decided. But that inevitably has economic consequences: Since
Investments due to the rise in interest rates in the USA will be more profitable again
Capital flow there from Europe. This leads to a low euro exchange rate
Compared to the dollar, which in turn is due to higher import prices
boosting inflation in Europe. So it is quite possible that the ECB against their
forced to raise interest rates
Press contact:
Straubinger daily newspaper
Department of politics/economy/miscellaneous
Markus Peherstorfer
Telephone: 09421-940 4441
Further material: http://presseportal.de/pm/122668/5122596
OTS: Straubinger Tagblatt