For a Quote call 1300 793 143
8am-8pm Weekdays, 9am-5pm Weekends
European Central Bank cut interest rates less than expected
European Central Bank (ECB) cut official interest rate only by 25 basis points to 1.25 per cent.
Most economists predicted that rates will be cut at least 50 basis points and financial markets also had been hoping for the ECB to elaborate on possible plans to increase money supply by extending majorities in its bank refinancing operations or by buying securities.
However ECB president Jean-Claude Trichet said the small rate cut reflected the outlook for diminishing inflation but mentioned that "1.25 per cent is not the floor".
Is that means we can receive similar surprise from RBA on Tuesday?
Related Topics:
© Rate Detective - All Rights Reserved
ABN 47 127 196 712 - ACN 127 196 712
Reproduction in part or whole without written
permission is prohibited.
RateDetective operates under the House Home Loans credit license. License number 364974.
Rate Detective and its advisers operate as authorised representatives of Risk Advice Specialists Pty Ltd ABN 27 153 718 079 Australian Financial Service Licence No. 412709. Rate Detective and its advisers are authorised to advise and deal in Life Insurance, Income Protection, Total and Permanent Disability and Trauma Insurance.