ECB Decides to Keep Interest Rate at 1%

The European Central Bank decided to keep unchanged the current interest rate at 1%, says Bloomberg News. The Bank of England took a similar decision, with the reference interest rate remaining at 0.5%.

“The end of free fall of the world economy would help the ECB to no longer feel pressure, to act over the benchmark interest rate”, said Laurent Bilka , economist at Nomura International in London.

“Things are evolving in a good way”.

Efforts of the European Central Bank President Jean Claude Trichet to reconcile strategies of the bank divided because of the acquisition of assets, could be facilitated by signs that the world economy is recovering from crisis , writes Bloomberg.

Although the strategy had a number of divergences in terms of volume of assets that will be purchased, it is unlikely that the ECB to make acquisitions of secured bonds, more than 60 billion euro.