April 2. European Central Bank has reduced its key Interest rate by 25 basis points, less thasn economists expected. Earlier in a press conference in Frankfurt, ECB president Mr. Jean Claude Trichet announced that the deposite rate is at an extremly low level at 0.25 percent and I don’t expect that we will move in the period to come.
The ECB is moving slowly towards the rate cut as the council members are trying to find new measures to reach Zero rate.
0 Responses to “ECB Lowered Interest Rate By 25 Basis Points, Less Than Economists Expected.”
Leave a Reply