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)
Wednesday, July 11, 2007
Rates Officially Rising in Every Major Economy
Posted by Ben Bittrolff at 10:00 AM
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