Jean-Claude Trichet Is Talking Hawkish Again, And Is Delivering More Pain To Haters Of The Euro

jean claude trichet

ECB chief Jean-Claude Trichet has a new interview in WSJ.

The gist: He’s sounding hawkish.

He’s insistent that austerity won’t hamper growth, and he’s worried about inflation, and the hint embedded in there is that a rate hike in the Eurozone could come later this year.

The euro has been rallying in recent weeks on Trichet’s perceived increase in hawkishness, and this will reinforce that. According to ForexLive, early indications are that the euro will rise again to start the new week, partly on the back of this interview.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

euro moneygame-us