Beijing time on May 5 night 19 points before and after the United Kingdom bank the Bank of England and European Central Bank has announced that maintain and 0.5% benchmark interest rates unchanged. Before this is in accordance with consensus forecasts, the focus of market attention turned to ECB President Trichet as in 20:30 ' press conference.
is not of concern to the investors is whether the European Central Bank will raise rates, but the European Central Bank to deal with the inflationary pressure on April 7 after interest rate hike by 25 basis points to 1.25% how it will continue to do, and appropriate financial policies, including on controlling capital liquidity will be how to, thus, speculations of Terry thanks "world in words" became the most necessary things.
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Japan Central Bank meeting summary of: should consider further provides financial help euro trend double whammy RMB on dollars exchange rate shocks go stability RMB shocks go stability AUD began plunged want more assistance Greece or required pledge base Zhang Tingbin: dollars of "Empire strikes back" euro to out two a structural opportunities [registration] listen to Wen Guoqing taught you copy end opportunity 20:30 , Mr Trichet's remarks were outgoing, is not as fierce rhetoric as previously expected by the market. Trichet although in speak in the said, global ample of liquidity may led commodity price further uplink, bulk commodity price rose is led inflation rise of main causes, geo political mess factors also to economic prospects brings risk, but speech overall performance moderate, does not appears "height alert", words, therefore market expected next of June on the income meeting Shang, European Central Bank interest rates of possibilities reduce, rose income pace will was postponed to July zhihou. Trichet speech came out, the euro quickly slipped against the dollar, from 1.482 moments fall below 1.47 and ' 21:00 mark, to 1.468. From 73 to the dollar index 73.5 area.
1.25%, European Central Bank to raise rates last month, ending nearly two years, interest rates at record lows, analysts expected to raise rates of cycle is turned. According to a survey of international well-known financial media announced on April 28, 76 per cent of analysts most is expected, the next interest rate hike in July.
in addition to inflationary pressure, a few months, eurozone debt crisis was normalized by European Central Bank's monetary policy has become a little complicated. Interest rates will limit economic activity, increased corporate and consumer borrowing costs, pressures on economic growth.
the eurozone debt crisis remains the policy of the European Central Bank a large concern. Market is still skeptical, Greece will have to restructure its debt, and eurozone peripheral countries such as Greece, and Portugal and Ireland banks still rely on the European Central Bank's low interest rate loan of "prolonging". Interest rates will certainly have with wings of debt Greece, and Portugal, and Ireland and other countries brought about growth in borrowing costs. This is when the European Central Bank to raise interest rates again, and what level of interest rates will eventually rise to some uncertainty.
however, industry experts said that while the European debt fears to haunt investors still appear, but no obvious impact of the euro. Gu Hete said on May 5, EU Trade Commissioner, the euro from the current and constantly troubled by the European Union survive in the neighboring countries of the European debt crisis, and said, reborn in the shadow of the debt crisis of the euro will be "more aggressive".
with the 5th on the income of the United Kingdom's Central Bank, according to professional sources, United Kingdom 0.5% of the Central Bank to keep benchmark interest rate to maintain a lower level. Market views more consistent about this. After all, the United Kingdom economic recovery is still quite weak. United Kingdom Bank of Mervyn King said on May 2, a higher debt level to the major challenges to the economy, and higher interest rates makes this problem worse. Some analysts said the United Kingdom in August with the fastest rates of the Bank.
