ECB Raises Rates, Next Move Bernanke's? |
| April 07, 2011 | April 2011 Bond Updates |
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The European Central Bank raised its benchmark interest rate 25 basis points to 1.25% Thursday, and President Jean-Claude Trichet said it has yet to be decided whether further cuts will follow. The move, though expected, intensifies the spotlight on Federal Reserve Chairman Ben Bernanke, whose unprecedented monetary policy and liquidity-pumping measures will need to be unwound eventually. |
| View more at: http://blogs.forbes.com/steveschaefer/?p=2838 |
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