Surprise as ECB cuts interest rates
The European Central Bank has unexpectantly cut interest rates from 1.50% to 1.25% heralding in Mario Draghi’s new tenure as ECB head.
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Further ECB rate hikes on the cards, says Newton’s Hensman
Commenting on the ECB’s interest rate hike to 1.25%, Peter Hensman, global strategist at Newton Investment Management, said:
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European Housing Showing Signs of Recovery
Signs of recovery are visible in some European housing markets, especially in sales levels and prices, says the latest RICS European Housing Review.
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Eurozone interest rates kept on hold
For the eight consecutive month the European Central Bank has decided to keep interest rates on hold.
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Both the Bank of England and the European Central Bank (ECB) have decided to keep their respective base interest rates on hold.
European Central Bank President Jean Claude Trichet has suggested that the beginning of the end of the recession is now in sight for the eurozone economies.
The European Central Bank has decided to keep its base interest rate on hold this month at 1% amid signs of possible growth in the eurozone economies later this year.
Interest rates in the Eurozone economies have been kept on hold at at 1.0% for another month following the European Central Bank’s regular meeting.
