ECB President [TRICHET] has said he will give no hints.
ECB President has said he will give no hints as to Thursday's rate decision. He gives an upbeat assessment of the Eurozone economy though, saying it is growing progressively towards its 2.0% Y/Y potential rate, but that this is badly hampered by labour productivity. He notes that the Eurozone has more persistent inflation than the US and that the zone must embark very actively on structural reforms to boost its growth potential. Little here that is new, structural rigidities and inflexible labour markets are well known, while the Eurozone's politicians remain unwilling to tackle them. That limitation is ultimately likely to prove the limiter on Eurozone growth and interest rate expectations, and limit upside potential for the Eur. Good!But I do not know English.Thank you very much! Do you speak in Chinese?
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