Archive for the ‘ECB’ tag
ECB do not lower the interest rate
Meeting about the interest rate
Today the bigwigs of the European Central Bank met to discuss weather the interest rate binding the menber states of the European union should be lowered. They did however decide not to lower the rent as many experts allready had predicted.
The main objective
The reason that the decision of not lowering the interest rate was made is not immedeately easy to understand. The main objective of the European Central Bank is not to secure generel wealth amongst people, but to make sure that the inflation is under control. The inflation controls the economic develpoment in the long run, wich is why, it is very important that it does not rice uncontrolled. read more about the recent meeting in the ECB