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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (3481)	5/12/1998 1:39:00 AM
From: smolejv@gmx.net	Respond to of 9980

>>I would expect Germany to raise rates, before the US, as they prepare for the Euro. Why Germany should, I have a hard time to make a case<< Answer: if Germany raises rates for any reason it would be to meet the rates of other countries in Euro Monetary union - Italy, Spain etc - where the rates have been falling down steadily since ~10 mo. The target interest rate for Euro being at 4%~, so there's some upward movement expected from the present 3.50+ in Germany. Tough call because of the negative impact on economy. Still at 2.7% growth expected in 98 this should not hurt very much. DJ