European Central Bank may continue to cut interest rates
President of European Central Bank Jean-Claude Trichet on 12nd with the governor of Russian central bank Ignatieff talked and said that even though the current interest rates of benchmark of 1.5 percent for the euro-zone had been at a historic low, but there was still space for the European Central Bank to cut interest rates. However, he said the European Central Bank did not make a decision. Jean-Claude Trichet, also was in the view that in the euro zone in 2009 most countries will be in recession, and in 2010 the situation would be improved, and economic re-start growth.
IMF Chairman Kahn: IMF may also need 150 billion U.S. dollars of funds to deal with crisis
Integrated foreign on January 12nd reported, that in the IMF (International Monetary Fund, hereinafter referred to as IMF) President Dominique Strauss Kahn (Dominique Strauss-Kahn), said that IMF needed 150 billion U.S. dollars which might be used to help emerging markets and poor countries to cope with global economic downturn caused by their combat.
European Central Bank President Jean-Claude Trichet may exacerbate to change in interest rate policies from the recession
Integrated foreign on January 12nd reported that the European economy continues to decline in the European Central Bank (European Central Bank), President Jean-Claude Trichet (Jean-Claude Trichet) chose his utmost to avoid the zero interest rate era. Jean-Claude Trichet a month ago indicated that he did not want, due to low borrowing costs, into trouble, but due to the slowdown in euro-zone economy faster than that in the European Central Bank in December 2008 expected, Trichet may have been suffering the high cost of borrowing too much.
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