TRICHET’S COLLEAGUES ECHO HAWKISH TONES OVER EURO RATES

EXPECTATIONS of a hike in Eurozone interest rates spiked again yesterday, as Jean-Claude Trichet again warned against “second round effects” of price pressures. European central bank colleagues Yves Mersch and Gertrude Tumpel-Gugerell both echoed his message of “very strong vigilance” towards inflation.