ECB expected to leave rates on hold; German business confidence to slide again
Published:
17 June 2001 y., Sunday
An ECB meeting, Euro zone inflation figures and the latest survey on German business confidence get top billing in this week's look-ahead.
The European Central Bank, which sets interest rates for the 12 nations that form the euro zone, has been criticized for being slow to lower interest rates. Its moved just one time this year by a quarter point.
Stingy compared to the aggressive action by U.S. Federal Reserve and even the Bank of England, which has cut rates three times, to avoid a U.S.-led global economic slowdown.But inflation is well above the ECB's ceiling target of 2 percent. It hit 2.9 percent in April. And the May number is expected to be at least 3.3 percent
The Frankfurt-based central bank warned on Thursday inflation could gather pace to reach 2.7 percent for the year. The December prediction had anticipated a minimum year-on-year inflation rate of 1.8 percent.
The ECB is meeting this week. But the consensus is that it will not move on interest rates. Economic growth is forcast to grow between 2.2 and 2.8 percent in the euro zone for 2001, the ECB said. In December, the ECB had forecast growth could reach as high as 3.6 percent.
Šaltinis:
cnnfn.cnn.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »