One More ECB Rate Rise Due - But No Euro Surge

LONDON, April 19, 2011 - The European Central Bank will follow up its recent quarter point rate
rise with one more but will then put its rate on hold.

However, in his monthly Global Forecast programme, Robin Bew at the
Economist Intelligence Unit adds that weakness in eurozone economies means
the euro will not surge longer term against the dollar.

Bew tells financial broadcaster www.cantos.com that austerity
budgets in Europe, for example Portugal, will crimp growth and could hurt tax
revenues which may exacerbate budget difficulties. Lower consumer confidence
will hit the region with a negative impact on sales.

The interview and transcript are available now on
www.cantos.com/eiu.

Cantos.com, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives plus
market commentary and trading analysis. If you would like to contact us,
please email prnsupport@cantos.com or phone +44-207-936-7372.

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