European Central Bank will not change monetary policy to suit Spain

Article Date : 21 July 2008
News Section: Spain

Jean Claude Trichet, governor of The European Central Bank (ECB), has ruled out changing the bank’s monetary policy to suit economies with property bubbles, like Spain and Ireland, that are wobbling under the effect of rising interest rates. In a recent interview, Trichet said that the ECB has to look after the whole Euro zone economy...

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