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 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »