Archive for April 26th, 2008

Currency Markets in the News

A Tough Play for the ECB

April 26, 2008

The European Central Bank had increased its benchmark interest rate in eight steps between December 2005 and June 2007 from 2.0% to 4.0%. It has tightened monetary policy no further proactively since the global credit crisis began last August, but monetary conditions in the region have become less generous nonetheless as a result of of […] More