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15:00 (CET) - Trichet: "The ECB has margin to cut rates"
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Jean-Claude Trichet, Presidente of the European Central Bank, said today that the countries would have to be responsible with their exchange rates policies and confirmed that the central bank still has a margin regarding the interest rates. Also, Trichet confirmed that it will outline its non-convencional monetary policy measures at the next ECB meeting on May 7th. The ECB cut its rates by 3% since October and it's expected to cut them to 1% in May.
Trichet also acknowledged the strong dollar stance of the Fed, the US Treasure Secretary and President Obama.
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