ECB Might Raise Interest Rate to Restrain Inflation

Euro had been risen for a week long as the forex analysts predicted that European Central Bank would raise interest rate to restrain inflation. According to the record, Consumer Price Index increased by 1.0% in German on December,2010, which was the same as the expectation. German CPI totally increased by 1.7% in 2010, which was the same as expectation too.

Claude Trichet, president of European Central Bank, said that he would raise interest rate in a short term if necessary. The prospect for EU economy was positive even the inflation might still exist in the middle of 2011.