Zoning In On The Euro!

Zoning in on the Euro! Eurostat reported consumer prices rose by .1% in August, and year-on-year inflation for 2006 posted a high of 2.5% in May and June. This led to the pre-emptive rate hikes recently by the ECB, but declining inflation reports in the latter parts of the year will be putting the brakes on further hikes. Since December, ECB policy makers bumped up interest rates four times, and there is talk of one more possible increase when the council meets on October 5th. Read More....