Trichet says markets misread ECB rate stance

European Central Bank president Jean-Claude Trichet said Thursday 6 April that eurozone governments need to use the current economic upturn to cut their budget deficits faster.

``The present high probability which is given for an increase of rates in our next meeting does not correspond to the present sentiment of the governing council,'' Trichet said at a press conference in Frankfurt after the ECB kept its benchmark rate at 2.5 percent. At the same time, interest rates are still ``very low''

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.