- ECB TRICHET: Not certain that commodity price hikes temporary
Market news
7 March 2011
ECB TRICHET: Not certain that commodity price hikes temporary
- Strong signs of inflationary threats in emerging economies;
- Cbanks aim to avoid 2d-round effects, anchor inflation expectations;
- Cbanks' unity of purpose doesn't imply same decisions;
- Oil, commodity price spikes not new, but more acute now;
- Global growth relatively robust,largely driven by emerging markets;
- Very important to have appropriate rebalancing of macro policies;
- Very important to have progressive reduction of imbalances;
- Can't say emerging economies overheating yet, but see risks.
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