Monday, June 4, 2007

Trichet's Split With Protege Noyer on Money Supply Clouds ECB Rate Outlook

(Bloomberg) -- European Central Bank chief Jean-
Claude Trichet has parried criticism from Nicolas Sarkozy, the
new president of his native France. Fresh doubts from Trichet's
protege at the French central bank may be harder to ignore.

As the ECB prepares to raise its key interest rate to a
six-year high of 4 percent tomorrow, Trichet's faith in the
importance of money supply is being questioned by Christian
Noyer, 56, who succeeded him as governor of the Bank of France
and sits with him on the ECB's governing council.


Read more at Bloomberg Currencies News

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