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ECB turns even more hawkish …

After a lot of ECB members reiterated their position, that in the current environment there is no interest rate cut possible and adequate …

Today a new quality was reached.

As we know, part of the communication of the ECB is to “leak” policy changes via so called “source-stories” in selected media channels …

Story of today:

ECB is leaning towards an interest RATE HIKE(!!!) as inflation pressures mount!!!

Does this ring some bells at the FED???

Will Ben Bernanke and his “friends” wake up and stop the stupid rate cutting to avoid more damage to the financial system???

I hope so!

Next week is FED meeting … PLEASE DON’T CUT!!!

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This entry was posted on Mittwoch, April 23rd, 2008 at 00:37 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “ECB turns even more hawkish …”

  1. Noble Says:
    April 23rd, 2008 at 02:48

    Oli,
    The Fed probably wont cut. THAT will hopefully be the catalyst for the dollar rebound. Otherwise, the buy OIL, buy EUR continues (like it did today).

  2. Oli Says:
    April 23rd, 2008 at 09:18

    Yesterday … Oil expiration … I use weekly charts for these products … so no change of opinion so far :)

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