ECB Trichet says Inflation is High Risk ; German PPI above Expectation
ECB President Trichet said "The global economy appears set to grow
dynamically next year but oil prices still threatened to fuel
inflation and central bankers must remain vigilant." He also said that one has to take some certain risk if one has to grow very dynamically. He is concerend more on inflation risk.
German Oct PPI is up by 0.3% m-o-m and 4.6% y-o-y, above the
expectations. FSO said that rising cost of tyres, chemicals and
tobacco are the reason to spurt in PPI. Core PPi increased by 0.6%
m-o-m and 3% y-o-y.
Englands M4 Money Supply is up by 0.9%, 14% year on year. A marginal
down in y-o-y data previously reading 14.5%.
dynamically next year but oil prices still threatened to fuel
inflation and central bankers must remain vigilant." He also said that one has to take some certain risk if one has to grow very dynamically. He is concerend more on inflation risk.
German Oct PPI is up by 0.3% m-o-m and 4.6% y-o-y, above the
expectations. FSO said that rising cost of tyres, chemicals and
tobacco are the reason to spurt in PPI. Core PPi increased by 0.6%
m-o-m and 3% y-o-y.
Englands M4 Money Supply is up by 0.9%, 14% year on year. A marginal
down in y-o-y data previously reading 14.5%.
posted by Naveen Pantera at 5:55 PM
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