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Image header Agence Europe
Europe Daily Bulletin No. 9207
Contents Publication in full By article 14 / 38
GENERAL NEWS / (eu) eu/euro/ecofin

Several ministers express concern at potential negative impact on exchange rates of sharp rise in interest rates by ECB

Brussels, 08/06/2006 (Agence Europe) - At the ECOFIN Council on Wednesday, various EU finance ministers expressed concern about the potential negative impact on euro exchange rates of too large a rise in interest rates by the European Central Bank (ECB). Karl-Heinz Grasser, the ECOFIN President, hoped the single currency would hover between USD 1.20 and USD 1.30, but later added that he was not really very concerned about this. Germany's finance minister Peter Steinbruck urged the ECB to be...

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