Posts Tagged ‘European Central Bank’

The Dire Eurozone Growth Story

Fri May 8, 2009 14:27 GMT  | Leave a Comment

After Thursday’s European Central Bank (ECB) announcement that they were cutting rates by 25 basis points to 1.00% and pumping ever more money into the markets, Business Monitor International’s Global Economic Strategist, David Snowdon, appeared on CNBC to talk about the move. At the core of the ECB’s decision was the realisation of quite how… [Read more]

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Posted in: Emerging Europe, Eurozone, General Leave a Comment

Eurozone Interest Rates: Heading To 1.00%

Wed Mar 4, 2009 18:30 GMT  | Leave a Comment

I am of the belief that the European Central Bank (ECB) will cut its key interest rate to 1.00% by the end of 2009 from 2.00% at present. The economic outlook for the eurozone is bleak to say the least, with Business Monitor International forecasting a 3.0% contraction in GDP in 2009. Meanwhile, inflation is… [Read more]

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Posted in: Currencies, Emerging Europe, Eurozone, General, Inflation/Deflation Leave a Comment

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