ECB Interest Rates

May 7, 2009 by: forexwatch

Interest Rates

May 6 (Bloomberg) — The euro weakened against the dollar for a second day on speculation the European Central Bank policy makers will lower interest rates tomorrow and consider other measures to stimulate growth.

The ECB will at least announce something unusual. In terms of policy measures, they’ll be discussing the types of measures that would potentially weaken the euro.

Sean Callow, senior currency strategist at Westpac Banking Corp. Sydney.

The European Central Bank will lower the main interest rate by a quarter-percentage point to 1 percent tomorrow, according to the median forecast of 53 economists surveyed by Bloomberg.

The financial crisis needs “drastic” measures.

Athanasios Orphanides, an ECB council member, said in Nicosia yesterday.

Orphanides and George Provopoulos, another member,

have indicated they may support cutting the target rate to less than 1 percent and buying debt to pump money into the economy.

The Banks in US

The Federal Reserve’s stress-test results, to be released tomorrow, may show about 10 banks need new capital, people familiar with the matter said.

that another shock to the financial system would undercut the central bank’s forecast that the U.S. recession will give way this year to a slow recovery

Fed Chairman Ben S. Bernanke said yesterday in congressional testimony

Regulators have determined that Bank of America Corp. requires about $34 billion in new capital, the largest need among the 19 biggest U.S. banks subjected to stress tests, said people with knowledge of the matter. Citigroup Inc.’s shortfall is more limited, and JPMorgan Chase & Co. doesn’t need a deeper reserve against losses.

Share This Post:

Technorati : ,

Related posts:

  1. Euro Bounced with Interest Rate Cut ECB Interest Rate Bounced the Euro As widely expected,...
  2. Interest Rate Cuts The Interest Rate Cuts will be used as a weapon...
  3. GBP Interest Rate [caption id="attachment_161" align="aligncenter" width="300" caption="FxPro Forex Trading Broker"][/caption] Forex News...
  4. USD Interest Rate Cut [caption id="attachment_163" align="aligncenter" width="300" width="300" caption="Fxpro Forex Trading Broker"][/caption] USD...
  5. Non Farm Payrolls For the week ending 9th. January, the focus will be...

Related posts brought to you by Yet Another Related Posts Plugin.

Filed under: Forex News
Tags: ,


6 Responses to “ECB Interest Rates”
  1. stephentan82 (1 comments.) says:

    You play forex? Already make profit from forex trading?

  2. forexwatch says:

    I am a Trader. Yes, I am making money with my trades.

  3. reetha (4 comments.) says:

    u done it very well, nice blog…

  4. forexwatch says:

    Thank you for the Compliments. Please come back more often.

  5. Stock Forum (9 comments.) says:

    Wish I had a site like this one, I will link back I think my readers would enjoy your site.

  6. ForexOnlineTrue says:

    Newbies will like the simplicity while experts will like the ease of use and amazing stock index trading idea ….


Leave a Reply

This site uses KeywordLuv. Enter YourName@YourKeywords in the Name field to take advantage.