Euro Rallies After ECB Rate Decision as Trichet Signals Pause
January 15, 2009 at 09:35 AM EST
After having cut interest rates by 50bp this morning to 2 percent, ECB President Trichet is finally buckling down and signaling that he is ready to cut interest rates again BUT NOT UNTIL March. Despite the weakness in the economy and softer inflation pressures, the hawk in Trichet refuses to die. By saying that the [...]