Trichet told CNBC Europe that 2% was not necessarily the floor in eurozone interest rates but he seemed to reiterate that the next rate move, if any, would come in March. Given the short gap between the January and February meetings, Trichet signaled last week that a move in February was unlikely. He reiterated it is not the ECB’s intention to go to very low interest rates which the market takes to mean like the Fed and BOJ at just above zero.
EUR/USD got a brief lift above 1.29 on the comments but trades now at 1.2895.
