Forex Trading - ECB Comments Post-Rate Decision
Written August 7, 2008 at 8:40 AM EST by Greg Michalowski
Following the ECB’s decision to keep rates unchanged, they released the following key commentary:
- Inflation will remain above 2%.
- Crucial to avoid second round effects.
- Inflation risks remain to the upside.
- Weaker GDP growth expected.
- ECB will preserve purchasing power in mid-term.
- Global growth will support demand for exports.
- Uncertainty around economic outlook high, due to volatile commodity prices.
- Downside risks to growth prevail.
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