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E C B Say No To An I R Hike

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Thursday August 31, 12:45 PM
Eurozone interest rates held at 3%
Eurozone interest rates were left at 3 per cent by the European Central Bank on Thursday as concerns over economic growth outweighed the need for vigilance on inflation.
Although growth in the second quarter was strong, pushing up to 0.9 per cent from 0.6 per cent in the first quarter, there were possibly temporary factors contributing to this, including the Football World Cup in Germany.
The ECB considers that risks to the economy are balanced in the short term, but is concerned that longer term risks prevail.
This view was supported by recent investment and business confidence data.
Both Ifo business sentiment and ZEW investor confidence data last week showed current conditions remained upbeat, but falls in the expectations component of the data reflected unease about the economy further out into 2007.

If inflation is not contained stagflation becomes more likely. The worst possible case scenario. House prices will then go Japanese. :o

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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