ECB Hold Interest Rates
Written by admin admin .The European Central Bank (European Central Bank / ECB) yesterday to maintain the interest rate on the reference record terenda 1% due to global credit markets that have not been fully restored due to the crisis.
Decision in accordance with the Polling conducted by Reuters of 75 economists in Europe last week. Some analysts said, masifnya supply of liquidity is expected to encourage the interest rate commercial banks continue to go down below the average at this time.ECB likely will not announce the policy or plan to restrict the credit because the economy is still shaky.
“ECB felt that this is a way to keep the stability of policy,” said economists from Credit Union, Andreas Rees. To discuss the interest rate banks, the ECB meeting with 22 members of the Board of Governor of Central Bank as the European Union. Meetings are also discussing the weakening of economic activity is estimated to affect 2.5 percent contraction this year-round.
Weakening economy in the European one is shown with the output of industry in Italy during the period May-June terkontraksi 1.2 percent. According to Italian statistics bureau, Istat, compared with the same period a year ago, the decline in output and even reached 21.9 percent. Contraction in Italy outputindustri of them occurred in the textile sector anjlok 4.1 percent, transportation, down 5.5 percent, and machinery down 2.7 percent.
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