ECB rates still at 4%

Frankfurt is learned that from the moment the ECB has left at 4% the cost of borrowing in September but is expected to increase, which inevitably will increase the rate of mortgages and loans at variable rates.
In fact, this summer break will not prevent the already announced it will close at 4.25% above the reference rate process, so as decided by the Chairman of the â € ™ Eurotower Jean-Claude Trichet.Ma go beyond the intentions of the ECB and by the end of â € ™ years the rate will rise to 4.5%, confirming the upward phase at the cost of money.
This measure aims to counter inflationary risks related to economic recovery and to address the expected surge in the price of oil that already ¨ rising.
Lâ € ™ â € Eurotower œagirà firm and timely manner to ensure price stability over the medium terminée € said President Trichet that also defines monetary policy œpiuttosto accomodanteâ € â €. While the ECB maintains a line accommodating, inflationary risks are the upside but Trichet warned: â € The ECB will monitor carefully the risks to price stability over the medium and will ensure terminée € © â € ™ € Oele expectations on inflation in the area € ™ s â € ™ Euro remain solidly anchored at a level consistent with price stability €. According to industry observers, then, just that â € à ¨ œmonitorare attentamenteâ € expressed by the President of the â € ™ Institute in Frankfurt that the ECB has indicated the new rise in the cost of money by the end of 2007, bringing it to 4.5% is likely, although it seems unlikely to rise in August.

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