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.
Quotes about duisenberg (3 Quotes)
There was no real disagreement as to subsistence, ... It was essential that the treaty be upheld in full, that there was no question whatever of going against any provision of the treaty, and in particular that Mr. Duisenberg having made it clear that he did not desire to serve the full term of eight years, that the decision as to when he goes is his and his decision alone.
Duisenberg gave the strongest possible hint that the ECB is on the verge of raising its refinancing rate. The comments offer a clear pointer to tightening action.