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Preview Of ECB Rate Decision – 5 Possible Scenarios
Tomorrow, during Thursday’s global session we get the ECB Interest Rate Decision at 7:45AM ET (11:45 GMT). This day has been awaited eagerly in the forex markets, ever since ECB President Trichet’s previous decision in which he said the bank would shos “strong vigilance” in regards to inflation, a signal to the market that an interest rate increase is coming in the following week. The anticipation was build up by comments from ECB officials: –Trichet (Mar 28): “inflation is durably above the bank’s price stability target” –Smaghi (Mar 30): “we are raising interest rates in a gradual way, first. ... (full story)