The European central bank announced on 3, will leading the euro area rate by 25 basis points to 1.25%. This is the European central bank  the new governor Mario Della auspicious for the first time after taking office monetary policy decisions. The rate cut means, the European central bank has decided to reverse this April start raising interest rates trend.
The European central bank's decision to cut interest rates to market expectations. In previous accept American bloomberg survey of 55 home economics, the European central bank is expected to have 51 men will "office". After the mainstream market view is, the European central bank will cut interest rates in fastest next month, because Europe at present relatively stable inflation, fell back trend is unclear, failed to monetary policy decision makers open sufficient space to cut interest rates.
After being released to the decision to cut interest rates, Della in the European central bank President at his first news conference said inflation in the euro zone will still at 2% above the horizon to maintain a period of time, after the is expected to fall back. He stressed that maintain the eurozone medium-term price stability is very important.
The data shows, the euro zone October consumer price index (CPI) remain at 3%, but September unemployment to 10.2% of the euro zone accident, the change trend of the latter with expectations, to a certain extent it added the European central bank monetary policy decision makers turn direction, caress eurozone growth sense of urgency.
In the press conference, Della auspicious think, the economy of the euro area will moderate growth in the second half, low interest rates, and emerging market growth will help the euro zone economic growth, but with economic outlook uncertainty is higher, the European central bank still may cut to the eurozone in 2012 growth forecasts.
Earlier, in response to the international financial crisis, the European central bank in the end of 2008 to the first half of 2009 to slash interest rates to 1%, and will be the interest rates remain in the year to April. Then, the bank has raised interest rates twice, accumulative total by 50 basis points




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