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
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »