Interest Rates - On the Way Up?

Well, is this the start of it?

Trichet used the word “appropriate level” when commenting on the rate of 1%, which according to those in the know, means that nothing will change for a while yet, which goes against our own ESRI, who forecast 75bps increase in 2010.

From what I could make out everything will depend on GDP for Europe as a whole in the first 2 qtrs… so the waiting goes on.

What use are 1% rates when banks are charging customers 11-12% rates for a modest car loan.

*Europe as a whole *or do you mean Germany and France, with a little bit of Italy thrown in ?

Fair point, I think the Greek situation might play a part in all this yet.