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Sunday, March 6, 2011

Europe ready to increase interest

Sunday, March 6, 2011
European Central Bank (ECB) President Jean-Claude Trichet, ECB Euro zoneinflation is ready to move immediately to grow stronger reported.

Trichet, ECB's benchmark interest rate by 1 per cent drop in a statement after the decision, in light of the rapid rise in inflation in the Euro Area ECB interest ratemeeting next month is probably the elevation, he said.

Food and energy prices, inflationary risks arising from the''strong consideration''to turn into a reality that there is a need Trichet, ECB Executive Board and that the upwardrisks to price stability''and said''the time is ready to act.
ECB forecasts inflation to 1.8 percent this year from 2.3 percent to 2012, the yüzed 1.5for the year from 1.7 percent to upgraded. The ECB is also forecast for Eurozonegrowth to 1.4 percent this year from 1.7 percent to next year, to 1.7 percent from 1.8 percent to released.

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