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The ECB Will Take Action To Solve The Crisis Next Month.

2011/9/24 9:28:00 23

Beijing time September 23rd evening news.

Europe

Luc Coene, a member of the central bank's Council and President of the Belgian central bank, said that if the economic data were disappointing, the bank could take action as early as next month to address the risks faced by economic growth. Luke,

In an interview, he said the ECB's measures might include reintroducing more long-term bank loans for 12 months or more.

When asked whether the ECB had any reason to lower the benchmark interest rate, coin said that although the rate cut would not help lower the longer term borrowing costs, "the European Central Bank has never ruled out this possibility in advance".

He said: "if the economic data at the beginning of October show that the situation is worse than we expected, then we will examine what decision we must take."

The European Central Bank is facing pressure from other central banks around the world because of its failure to succeed in controlling the eurozone's sovereign debt crisis, triggering fears that the global economy is on the edge of another recession.

Meanwhile, European officials are making progress on how to improve their speech.

assistance

The size of the fund is debating the question of restoring market confidence.

With the increasing tension in the money market, the European Central Bank has reintroduced 6 month bank loans and continues to provide liquidity to banks by providing liquidity for a week, a month and three months at the benchmark rate.

The last time the European Central Bank provided 12 months of bank loans was in December 2009.

He said: "we will take this measure when we think it is very necessary. I don't think it's time yet, but within two weeks it is possible."

The European Central Bank will hold its next meeting on monetary policy in October 6th.

According to Barclays Capital and RBS economist of Scotland, the European Central Bank will also be forced to lower the benchmark interest rate and reverse the two interest rate rise decision earlier this year to control inflation.

At present, the ECB set up

benchmark

The interest rate is 1.5%, the Federal Reserve and the Bank of Japan are close to zero, and the British central bank acts 0.5%.

He is in Washington to attend the annual meeting of the International Monetary Fund (IMF) and the world bank. He and the Jens Weidmann of the European Central Bank and the Ewald Nowotny of the Bank of Austria and the governor of the Central Bank of the Austria will hold a news conference today. The president of the European Central bank, Tyse (Jean-Claude Trichet), will also make a speech today.

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