Custom Search

Wednesday, July 11, 2007

Rates Officially Rising in Every Major Economy

Rates are officially rising in each and every single major economy now. The great global liquidity experiment is winding down.

The statement from the ECB just re-iterates their commitment to raise rates further.

" European Central Bank policy makers including executive board member Juergen Stark said inflation may accelerate in the euro region, suggesting they support raising interest rates further. "

Source: ECB Policy Makers See Risk of Faster Inflation in Europe (http://www.bloomberg.com/apps/news?pid=20601068&sid=a9DUEHCNowqU&refer=economy)