The euro authorities were expected to redeem the money again

With the turmoil and uncertainty in the world economy caused by Trump’s customs policy, the Council of the European Central Bank today is expected to reduce all three key interest rates by 25 basic points. This is already a seventh consecutive reduction, and the decision was taken unanimously, the ECB president said after the meeting Christine Lagarde.

Interest rates for the open -ended border deposit, main refinancing operations and an open bid of the border loan will thus be reduced to 2.25, 2.40 and 2.65 and 2.65, and a percent from April 23.

According to the ECB, the disinflation process continues « in accordance with expectations. In March, both common and basic inflation declined, which means that inflation continued to move the way ECB experts expected. In recent months, inflation in the service group has also decreased significantly. Most of the basic inflation criteria indicate that inflation will settle at a level around a two percent medium -term goal. « 

Wage growth is slowing down and profits partly alleviate the impact of still increased wage growth on inflation. “The economy of the euro area has developed some resistance to global shock, but the prospects for growth have deteriorated due to the rise of trade tensions. Due to increased uncertainty, household and business confidence is likely to reduce, while a negative and volatile market response to trade voltage is likely to cause the financing conditions to be tightened. These factors could further burden the economic prospects for the euro area, « the ECB noted.

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