China Financial Daily

European Central Bank kept interest rates unchanged and 60 billion euros to buy bonds
European Central Bank announced on the 4th will be the leading euro-zone interest rates remain at historic lows of 1 percent the same level.

At the same time, the European Central Bank announced in July this year, next year in June to buy the euro zone between the total issued 60 billion euros of asset-backed bonds. This means that, following the United States, Britain and Japan’s central bank, the European Central Bank has also introduced the quantitative easing monetary policy.

European Central Bank President Jean-Claude Trichet at a press conference on the same day that the decision was made in the euro-zone economic growth and inflation forecasts based on the. He said that two quarters in a row after a sharp decline, there are indications that the euro-zone economy dropped in the second half of this year will be slowing down, and might have resumed growth in mid-2010. He also predicted that the euro-zone inflation in May, following zero growth in the next few months will be negative growth, and the end of this year rose to resume.

Eurozone countries continue to issue bonds as a result of financing to support economic stimulus package, Jean-Claude Trichet, the rapidly growing countries have also expressed concern about the national debt level. He called on Governments to take measures to restore fiscal balance as soon as possible.

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