ECB Hikes Interest Rates To 1.50%

Sad Trichet

Photo: World Economic Forum at Flickr

Update: Exactly as expected, a 25 basis point hike.Again, the real news will come in 45 minutes when Trichet speaks.

Original post: Coming out at 7:45…

The ECB makes its rate decision, and everyone expects at 25 basis point hike.

That being said, the real news comes 45 minutes later, when Trichet talks.

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