It seems in a way that Duisenberg would have liked to hike already, but that he couldn't find a consensus in the council. He had very strong points that rates can only go in one direction. He cannot be clearer on that. Our view is that the Bank will move on March 30.
More Quotes from Marco Kramer:
This is a modest improvement, but we expect bigger improvements in the months ahead, as the labor market usually lags the economic cycle.Marco Kramer
It looks like GDP growth forecast risks might be on the upside.
Marco Kramer
The bottom line is that France seems to have run through a metamorphosis from a euro-zone driver to a growth laggard. Those who revised up their euro zone GDP growth outlook for this year on the back of strong German survey data might now be forced to take the much less upbeat French growth picture also into account.
Marco Kramer
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