European Central Bank Eyes Bubble
The Federal Reserve isn't the only major central bank considering higher interest rates. The European Central Bank (ECB) is considering a hike in rates as a measure to bring home prices down.
Forexnews.com reports, "The ECB is also mulling withdrawing its own monetary policy stimulus. Interest rates are at 40-year lows since the last rate cut in June 2003. The ECB has long expressed concerns with mounting liquidity but its intentions to tackle the issue are just recent, especially that the European housing bubble has also began to draw the ECB’s attention."