Pressure on inflation coming soon due to commodity prices in European region. So ECB is looking for rate hike after 3 years where market was enjoying stimulas.
Oil is trading high, Brent is on $122 and trading high which has big impact on inflation .ECB President Jean-Claude Trichet will go for rate hike though European region is struggling on debt issue regarding Portugal, Spain, Ireland and Greece. Greece and Ireland already seeked bail out and Portugal is ready to seek.
Oil is trading high, Brent is on $122 and trading high which has big impact on inflation .ECB President Jean-Claude Trichet will go for rate hike though European region is struggling on debt issue regarding Portugal, Spain, Ireland and Greece. Greece and Ireland already seeked bail out and Portugal is ready to seek.
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