Watch The Jean Claude Trichet Teleconference Live

Tyler Durden's picture

Those who wonder what JC Trichet has to say about the future of ECB monetary policy can do so below. So far the euro is not happy, in line with expectations that future rate hikes now appear very much in doubt. Some of the key highlights so far:

  • ECB's Trichet says underlying pace of monetary expansion is gradually recovering
  • ECB's Trichet says interest rates remain low and overall monetary policy stance remains accommodative
  • ECB's Trichet says rate move will help anchor inflation
  • ECB's Trichet says further adjustment on monetary policy stance is warranted
  • ECB's Trichet says non-standard measures are only temporary
  • ECB's Trichet says to monitor "very closely" all developments
  • ECB's Trichet says omits "monitor very closely" comment on prices in opening section of statement, comment he used after April rate hike
  • ECB's Trichet says to adjust liquidity provisions if and when appropriate
  • ECB's Trichet says recent surveys and data point to continued economic growth in Q2 but slower pace
  • ECB's Trichet says risks to economic outlook remain "broadly balanced"
  • ECB's Trichet says inflation rates are likely to stay clearly above 2% over coming months

 

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Troy Ounce's picture

 

Green shoots?

Franken_Stein's picture

 

Former Chinese leader, communist party chairman and commander in chief of the Red army Jiang Zemin has apparently died.

The causes of his death are still unknown.

The Chinese authorities claim it's a rumour and not true.

 

Currently I can neither confirm nor deny these claims of Jiang's death.

 

Popo's picture

The beginning of the long, unending Euro slide...

GeneMarchbanks's picture

"VEe SE NO TO SELEK-TeeV DEFALT!"

Bah hahahahahahahahahahahahaha----oooo----- hahahahahahahahahahahahahaha.

alien-IQ's picture

Euro just got very "happy". 70 pip pop in 5 minutes.

augie's picture

"Don't Depart from the Global Doctrine"

-Jean Claude Trichet

Yep, sounds about right.

Reptil's picture

"Austerity works, look at germany, less unemployment than before Lehman Brothers"

 

what does he think? that we're all stupid? 0__o

Translational Lift's picture

What!!!  Me worry.....??......

 

Fn joke world wide.....

Goldenballs's picture

Time this old timer cleared off to his allotment instead of destroying the futures of generations yet unborn,none of these characters live in the real world they are just a massively expensive joke

THE DORK OF CORK's picture

JCT has no problem with the concept of exponential interest but has a problem with wages - he wants these to stay static or fall.

This is pure feudalism.

It practise it will involve the subtraction of savings deposits to feed holders of capital.

For God sake Ireland please leave this den of vipers.

Atlantis Consigliore's picture

Cmon, its the same mafia,

 

who cares about ratings, or bailouts, or money as store of value or medium of exchange....

its all about eh skim, 5%  if we can just get them to do anything, and kick the can down the road we can skim 5% a year and stay in power

meanwhile the banks flip the paper just lick fanny crap to the jerks who follow the analysts

 

and buy it at 100%  but like condos  worth

1/3  when it collapses.

mean while we skimmed 5% ayear  on trillions.

Its about feelings.....and share the poverty.

 

suckas.  whats ur bonds collapse 1/2 value

 

when hyper inflation jumps.

 

 

prabhuamu's picture

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