The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: RockyBalboa who wrote (8031)	6/28/2008 9:41:01 AM
From: RockyBalboa	Read Replies (1) of 71427

Not so; ECB seen hiking rates by a "small amount": Steinbrueck warns negative impact if ECB hikes rates BERLIN, June 28 (Reuters) - German Finance Minister Peer Steinbrueck warned on Saturday about the negative impact if the European Central Bank raises interest rates, saying he feared an economic slowdown already taking place could be accelerated. "The ECB has to consider that they could possibly send the wrong signal with an interest rate increase because it could have a pro-cyclical impact at a point when the economy is slowing down," he told Der Spiegel news magazine. ECB President Jean-Claude Trichet said last week that the ECB was in a state of heightened alertness about inflation and saw an "acute" risk of a wage-price spiral. He repeated that it was possible the ECB would raise rates by a small amount on July 3. (Writing by Erik Kirschbaum; Editing by Jason Neely

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