ECB Cuts Interest Rates
Tuesday January 20, 2009
The European Central Bank slashed rates by another half percent for January. The interest rate in Europe is down to 2 percent.
Things in the Euro zone are looking a bit uncertain. The central bank continues to be cautious with all the financial turmoil that is going on globally. Price stability seems to be meeting the ECB’s expectations now.
The only question that seems to remain is how much worse will it get? Will the ECB follow the Fed and the Bank of Japan and push for a virtual 0 percent interest rate?
Things in the Euro zone are looking a bit uncertain. The central bank continues to be cautious with all the financial turmoil that is going on globally. Price stability seems to be meeting the ECB’s expectations now.
The only question that seems to remain is how much worse will it get? Will the ECB follow the Fed and the Bank of Japan and push for a virtual 0 percent interest rate?
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