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ECB's Trichet Says 2009 to be "Difficult", Moderate Recovery to Come in 2010
Frankfurt - European Central Bank President Jean-Claude Trichet says that this year will be very difficult, while 2010 could see moderate recovery.However, any rebound would depend on confidence returning, Trichet added. I am not an oracle, Trichet said in an interview on France's Europe 1 radio broadcast on Wednesday. What is important today is that there is a recovery of confidence.The central banker also said that the ECB has already taken unconventional measures, stressing that it has already
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Trichet Says ECB Studying Other Unconventional Policies
European Central Bank President Jean-Claude Trichet said Tuesday that the ECB is studying the possibility of taking other unconventional policies.The ECB president said he sees protectionist temptation around the world, and that fighting protectionism is more essential than ever. Trichet also said confidence is key for the economy, and that the ECB will ensure price stability.He called 2009 an extremely difficult year, and said most experts expect to see a progressive recovery in 2010.Trichet also said the
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La Crise Financière Selon Jean-claude Trichet
Jean Claude Trichet, président de la Banque Centrale Européenne (BCE), revient sur la crise financière.Selon lui, les pays émergents passent progressivement au premier plan des puissances mondiales.La BCE explique que la zone Euro est en "croissance ralentie" et pourrait encore ralentir... Mais il n'emploie le mot récession Interview
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Trichet appelle le G20 à honorer rapidement ses engagements
Les mesures du G20 doivent être implémentées aussi rapidement que possible afin de freiner la détérioration des conditions économiques, a déclaré le président de la Banque centrale européenne, Jean-Claude Trichet, au cours d’une interview accordée au journal italien Il Sole 24 ORE.Le système financier subit toujours la pression de la crise et, selon Trichet, les mesures annoncées par le G20 aideraient à soulager ces tensions.« Je ne m’attarderai à aucune mesure en particulier, a-t-il dit. Elles sont
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Trichet de la BCE ne voit pas la nécessité de plus de dépenses gouvernementales
Francfort - L’Europe n’a pas besoin d’augmenter ses dépenses davantage pour contrer la crise financière actuelle, dit le président de la Banque centrale européenne Jean-Claude Trichet.En entrevue avec le Wall Street Journal, publiée lundi, le banquier central dit que les gouvernements devraient plutôt agir plus rapidement quant aux dernières mesures annoncées, faisant au moins partiellement référence aux retards du plan de sauvetage bancaire des États-Unis.« Rien ne pourra vraiment fonctionner jusqu’à ce que le secteur financier revienne dans le
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Trichet de la BCE dit que 2009 devrait être « difficile, » tandis que 2010 devrait voir une reprise modeste
Francfort - L’an 2009 sera très « difficile, » dit le président de la Banque centrale européenne Jean-Claude Trichet, tandis qu’on pourrait voir une reprise modeste en 2010.Cependant, toute reprise dépend d’un retour de la confiance, dit Trichet.« Je ne suis pas un oracle, » dit Trichet en entrevue avec Europe 1, en France. « Ce qui est important aujourd’hui c’est qu’on voit un retour à la confiance. »Le banquier central a aussi dit que la BCE a
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ECB's Trichet Leaves Door Open for Further Rate Cuts
With European Central Bank President Jean-Claude Trichet leaving the door open for further rate cuts on Thursday, economists say the bank's key policy rate could hit another record low as early as April.Earlier in the day, the Governing Council voted to cut the main refinancing rate by 50 basis points, as was widely expected, bringing it to 1.50%. Since October, the ECB has lowered its key interest rate by a total of 275 basis points.Following the announcement,
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Euro Holds Gains Following Smaller-Than-Expected ECB Cut
A smaller-than-expected ECB interest rate cut on Thursday morning has helped the euro move higher, but currency strategists are mixed as to whether the currency will see further gains in the short term.EUR/USD shot to session highs at 1.3493 USD following the interest rate decision and just ahead of ECB President Jean-Claude Trichet's monthly press conference. However, the gains were relatively short-lived, as markets dragged the cross back below 1.34 USD.There appears to be some hesitation in
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ECB's Trichet Says Everything Must be Done to Restore Confidence
Frankfurt - European Central Bank President Jean-Claude Trichet everything must be done to help boost confidence and return to the path of prosperity.Public authorities, executive branches, and central banks must do all they can to restore, preserve and foster confidence among households and corporations in order to pave the way for sustainable prosperity, Trichet said in Tokyo early Friday morning. This calls for a measured response to changing conditions.In his speech, Trichet also stressed the importance of not
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ECB's Bonello Says Governing Council Discussing Alternative Tools
The European Central Bank is discussing alternative monetary policy tools that it may unveil in May, Maltese central bank governor Michael Bonello said.Speaking at an event in Malta on Thursday, the central banker said the ECB's rate cuts are having an effect on financial conditions in the euro zone, echoing some of what has been said by ECB President Jean-Claude Trichet.Inflation rates in Europe are likely to fall into negative territory throughout the summer before returning to
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