At the meeting on Thursday, 5 November, the European Central Bank kept key rates steady at 1.00%. Such an outcome predicted by most meetings of market participants. At a press conference after meeting European Central Bank President Jean-Claude Trichet said that the level of rates consistent with current conditions.
ECB President said that the data received by the Governing Council with the October meeting, in line with expectations. According to preliminary estimates Eurostat, inflation will return to the positive zone in the coming months. At the same time, economic activity improved in the second half of the year. Governing Council suggests that the eurozone economy will gradually recover in 2010.
In general, the risks are balanced. As before, they are linked to economic activity and the movement of commodity prices. In addition, in connection with the consolidation of fiscal consolidation in the coming years, indirect taxes and regulated prices can rise more than expected.
ECB President said that the data received by the Governing Council with the October meeting, in line with expectations. According to preliminary estimates Eurostat, inflation will return to the positive zone in the coming months. At the same time, economic activity improved in the second half of the year. Governing Council suggests that the eurozone economy will gradually recover in 2010.
In general, the risks are balanced. As before, they are linked to economic activity and the movement of commodity prices. In addition, in connection with the consolidation of fiscal consolidation in the coming years, indirect taxes and regulated prices can rise more than expected.
No comments:
Post a Comment