What do you think will be said in the conference after the rate decision today? Something along the lines of "no core inflation, oil price inflating some components, no wage inflation, rates appropriate, we're sitting on our hands as for the last 28 months but remain vigilant on price stabilty" YAWN! One of PIMCO's german fund managers said no rate change through 2006! Bore off. Surely Trichet must be getting itchy fingers to do something he's done nothing to rates since he took his post. I hate his aversion to market volatility too, some of us love it Say something market moving Trichet without the "owever" reversal comment!