Market News Afternoon: Trichet calls on banks to increase lending; US retailers report cool July
Aug 6th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil: European Central Bank President Jean- Claude Trichet today called on Eurozone banks to increase lending. He said that the Eurozone economy will not return to growth until 2010 and interest rates are “appropriate,” signalling that interest rates will remain unchanged in coming months.