Trichet May Signal ECB Moving Closer to Exit as Council Debates

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Trichet May Signal ECB Moving Closer to Exit as Council Debates

The European Central Bank may today signal it’s moving closer to withdrawing emergency stimulus measures without giving details as policy makers debate an exit strategy, economists said. ECB officials meeting in Frankfurt will keep the benchmark interest rate at a record low of 1 percent, according to all 56 economists in a Bloomberg News survey. Economists and investors will listen to President Jean-Claude Trichet for clues on when the ECB will start scaling back lending to banks and whether it will charge them more for 12-month money. “Trichet will probably indicate the ECB is thinking about a change of strategy and announce more in December,” said Karsten Junius, a senior... Full Story

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Submitted Nov 5, 2009 12:42am

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