Interest Rates

European Central Bank President Jean-Claude Trichet is open to cutting interest rates for the first time in almost five years citing "unusually high uncertainty" about economic growth. Experts and analysis disagree on where ECB monetary policy will fall this year: JPMorgan believes rates to hold at 4% through 2008, Citi expects a 50bp cut by year end with 25bp cut in Q2, and Societe Generale expects rate of 3.25 by year end.

Wall Street Journal - BOE Cuts Rates, ECB Keeps Steady
Economist – Going it alone
Societe Generale – ECB Watch
Citigroup – Monetary Policy Reconsidered
European Central Bank – Jean-Claude Trichet Press Conference Feb 7, 2008
Wolfgang Monachau – Expect the eurozone to show its resistance
Commerzbank – What Prompts the ECB to Cut Interest Rates