The ECB seems to April, a rate hike to want to tackle. The ECB has probably noticed that some inflation, especially food and oil / fuel is reported. Inflation are well above the ECB target, and this must be fought - it is "exercise vigilance".
Hear, hear ...
had in the recent meeting to keep the interest rate still low at 1%.
sure all you wanted but can not even commit to a rate hike in April, but they would ever warn, otherwise the inflation could be high.
went after announcing the rate hike in April, the possibility of gold and silver prices internationally back a little.
Mrs Merkel will hear just as unwilling to raise interest rates as all other Euro countries also, as this debt financing becomes more expensive. Each credit will be rescheduling to a more expensive "pleasure". In any case badly strained state budgets is no room for it to be.
It is also important to be seen how the markets assess the global situation permanently. Especially if the unrest in North Africa, where Gaddafi makes his own bebomben residents with air strikes, not prevail, as the "consideration" of the ECB, in April to raise interest rates if necessary. Much scope for the ECB has not before, otherwise the economy will stall and go to European governments of the ECB's throats because they do not bear the burden of interest payments can.
It's just a difference if you have to pay 3% interest rates on government loans or 9%. In households, where not even room for the 3%, is certainly not a place for 9%. No matter what the ECB does so: It will change the debt problems of the EU countries do not and so we are still bullish for gold and go in the medium term from further increases. Price pullback should use in our view, for purchases.
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