Comment: Trichet sounds his warning

After having made it clear that an interest rate increase was highly unlikely, the ECB's monetary policy meeting this week was all about how to signal future rate hikes pencilled in for later this year. Jean-Claude Trichet's message yesterday, 3 May, was a particularly hawkish one.

COMMENT BY CENTRALBANKNEWS

The timing of the tightening cycle could become particularly tricky for the ECB later this year. The eurozone's main inflation gauge appears to be on the way up - the HICP increased by 2.4%

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