Rates unchanged at 4% in Euroland

To confirm what I expected the ECB keeps rates firm to process, so while the lending rate stands at 4%, confirming the deposit rate to 3% and the marginal rate of 5%. The ECB Governing Council also decided on the action immediately, (before the end of January), in consultation with the Federal Reserve to provide liquidity equivalent to $ 10 billion with new auctions at 28 days. The president of the ECB, Jean-Claude Trichet's press conference stresses economic growth in the euro zone, in which, despite its funds are deemed "solid", serious rather "risks and uncertainties and, therefore, to ensure price stability should continue to follow the path of wage moderation. Trichet in explaining how the ECB has been warning about the risk of wage-price wage claims that this à ¨ due not only to increases in oil and raw materials, but now also for foodstuffs and some past decisions by governments Europeans, even at the level of indirect taxation. " Trichet is understood also that the ECB does not plan to cut rates but to maintain the current state, this to avoid "secondary effects" process, so defined by a number of 'Eurotower uncontrolled growth and destabilizing wage, which says "We are in a position to be warned and will not accept second-level effects.

Tags: Dell, Federal Reserve, commodities, wages

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