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Analysts said that the European Central Bank (European Central Bank / ECB) will stabilize the level of interest in the tribe of the lower level of one percent. This is because of the tight credit and worries that the eurozone will be affected by deflation.

As dilansir of AFP, Kamis (6/8/2009), a poll of 46 economists conducted by the ECB is expected to go that’s benchmark interest rate loans have not changed as specified policy.

Meanwhile, Bank of England (BoE) also get the instructions to leave the interest rate on the main level of 0.50 percent, as this is believed by experts to improve the credit borrowing.

The economic activities in 16 countries at this time eurozone has shown signs open. Selain itu, survei bisnis dan konsumen yang dilakukan di negara-negara tersebut akibat dari resesi membuat perekonomian akhirnya terhempas. In addition, business and consumer surveys conducted in these countries as a result of the economic recession makes the Terhempas.

Nevertheless, the condition of bank loans become more stringent and consumer prices also fell in June and July for the first time in these blocks (eurozone) overall.

ECB President Jean-Claude Trichet can expect the level to keep the tribe of more interest to their reserves, while the bank waits to see whether the steps taken so far to help alleviate the economic slump.

“ECB will fall back to when viewed from the existing kurva (from 1.0 percent) from now,” said economist of Natixis Cedric Thellier.
On the other hand, the Fed and the Bank of Japan (BoJ) was also lower their key interest rates to almost zero percent, and has implemented programs specifically for pumping hundreds of billions of dollars and yen to their financial system.

ECB Governor Jean-Claude Trichet has mengantisipasinya by providing some cash to the banking system and the eurozone have pledged to buy corporate bonds valued at lower risk of 60 billion euros for the opening of important business in the credit market.

But the latest survey of banks in general still found a lot of credit conditions pengecangan because of concerns over poverty and the prospects for business banking support the balance sheet because of the financial crisis.

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