Comment: Has Trichet's gambit paid off?

The ECB heads into this week's monetary policy meeting with markets fully expecting a 25 basis point hike. Has the decision to have an unscheduled meeting, which effectively pre-announced the decision, changed the prospects for the course of eurozone rates later in the year?

COMMENT BY CENTRALBANKNEWS

The case for a rate hike was effectively sealed at the ECB's last policy meeting in July when Trichet announced that the meeting on August 2-3 would no longer be conducted via teleconference

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