European Central Bank

It seems to be that possible instruments, such as the purchase of corporate or Government bonds (practiced as by other central banks) are not negotiable. In addition, the recent interest rate decision is as a signal, that the interest rate in the euro zone, which probably should be at least magic number by one percent. On this occasion the views set once on the interest rates in the euro zone in recent years, to emphasize the importance of the recent interest rate step. in 1999 the level of interest rates in the euro area at 2.5 percent, it was the interest rate gradually to 2.0 per cent from mid-2003 to the end of 2005 followed until end of 2000 dropped an increase in multiple steps down to 4.75% from mid-2001 to mid-2003 remained the main refinancing rate of the ECB at 2.0 percent between December 2005 and June 2007 the interest rate as a result of the improved economic Outlook and the existing inflation pressure in increments to 4.0 per cent upwards of 8 was introduced another Raising interest rates in July 2008 to 25 basis points six interest rate cuts followed by 4.25% up to the today’s level of 1.25 percent, well, it remains to be seen how the economic environment in the near future will change and whether the historically low level of interest rates positively affects the fundamentals… In terms of the interest rate policy of the European Central Bank should be finally noted that the possibilities to act for the ECB ‘ monuments are indeed limited, but still must be watched eagerly on the coming weeks. As in the past, the statements will be lit also in the upcoming press conferences (at the end of the regular sessions of the Governing Council) carefully by ECB President Jean-Claude Trichet by market participants to to draw conclusions on the future course of action in the interest-rate policy. Additional information at Restaurateur supports this article. Thomas Kruger