ECB’s Trichet signals rate increase in July
World BusinessJun 10, 2011
FRANKFURT, Germany (AP) ― The head of the European Central Bank signaled another likely interest rate hike in July, warning that higher oil and commodity prices must not be allowed to fuel an inflationary spiral as Europe’s economy grows.Jean-Claude Trichet also reiterated the bank’s opposition to letting Greece restructure its massive debts and was skeptical about a German proposal to get Greece’