Thursday 4 September 2014

The European Central Bank HAS REDUCED 0,10% the official price of money LEAVING it at 0,05%

Date: 4/09/2014
Source information: ECB (European Central Bank).
Evaluation: Today after less than six months the ECB has decided to SURPRISE and decrease 10 basic points the price of money leaving it in almost zero, the Euribor will decrease in the next days due to this additional reduction.
To emphasize: The Euribor average at 12 months of September will decrease, could be around 0,4%. 
Note: The ECB has announced today that has reduced 0,10 the official interest rates, leaving the official price of money in the euro zone at 0,05%, the minimum
historical. By the other way the Bank of England kept the rates unchanged at 0,50%.
 
(The next decision about interest rates will be the 2nd of October).
 
Published date: 4/09/2014 at 14:00
 

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