April Rate Increase Possible
Source: Agencies |
March 7, 2011, Monday
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Print Edition
Print Edition
AN April interest rate increase is possible as the European Central Bank continues its mission to control inflation, ECB Executive Board member Jose Manuel Gonzalez-Paramo said in an interview published yesterday.
Asked about the impact of a rate hike for Spain, whose economy is recovering at a slower pace than others in the eurozone, Gonzalez-Paramo said the consequences would be the same.
"It must be clear that the ECB does not think about a specific country when taking these decisions, but about the eurozone as a whole," Gonzalez-Paramo told Spanish newspaper El Mundo.
Asked about the impact of a rate hike for Spain, whose economy is recovering at a slower pace than others in the eurozone, Gonzalez-Paramo said the consequences would be the same.
"It must be clear that the ECB does not think about a specific country when taking these decisions, but about the eurozone as a whole," Gonzalez-Paramo told Spanish newspaper El Mundo.
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