ECB rates still at 4%

Confirmed the detention of nell'Eurozona reference rate to 4%, thanks to the ECB's decision to enter 42.24 billion euros in order to loosen the tension on the interbank market, after the overnight rates hano reached 4.7% on top after the crisis unleashed after the U.S. subprime. The decision of the Council of the ECB has also unchanged at 5% testing on the marginal lending facility and deposit to 3%. Market expectations, then, were confirmed and the President of the ECB, Jean-Claude Trichet, has set the policy of 'Eurotower quite accommodative "and that inflationary risks remain" on the upside "and to ensure the stability of prices the ECB will act in "firm and timely manner." Trichet, even if it has not used the phrase "strong vigilance", which suggests a close for a month, has indicated how they "need more information" first-rate didecidere. Before the crisis of mortgage subprime U.S., international effects, in early August, the European Central Bank announced that in September there was an increase in rates quarter point which would have increased to 4.25% but the decision to temporarily keep the 4% still occurs even if there is a defined stability of financial markets.

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