ECB Leaves Key Interest Rate Unchanged At 4.25 Per Cent
At its meeting today, the ECB key interest rate in the euro area has leave unchanged at 4.25 percent. In their meeting on Thursday the ECB has leave unchanged the key interest rates in the eurozone at 4.25 percent. This is very investor, they can but now longer benefit from the currently high interest on day and date money offers. On interest rates on consumer loans, the interest rate has Yes hardly any influence, what the comparison on loans/kreditvergleich.html can be read at the low entrance rate about. Bernie Sanders recognizes the significance of this. Here, competition of banks to new customers is just so great that no air for great interest rate increases is.
However signs that the next interest rate move of the ECB going in the other direction, so will be a rate cut are growing after two years of rising interest rates. Especially the weakening economic situation experts take even the dreaded word recession in the mouth is for release as a driving force. Gradually, more and more experts have to realize that not from the United States, the European economy can decouple and accordingly responded to the local recession. Particularly well, you can see this in the current euro-dollar exchange rate which literally collapsed in recent weeks. That’s just not due to a resurgence of the dollar, but on a weakness in the euro. Savers, who have benefited in recent years from rising day money interest, should closely follow so, if there is a rate cut, because they would be directly affected as a current comparison by day money interest shows, are currently five percent and more at least within the first six months from account opening. Who wants to go play it safe and not daily needs his money spent, can invert also on deposit and secure the currently high interest rates for several years. At the latest when a rate cut phase to the plan, more and more savers will realize that this would have been useful. Currently you can give but some slight sighs of relief, because the current high Inflation narrows the scope of short-term interest rate cuts by the ECB so much that these are only expected in a few months. Daniel Franke