The financial results of the week

Finansy08-08-2008 financial results the week for the first time in more than a year, the European Central Bank left eurozone base rate unchanged. The last time it was raised at the meeting of July 3, 2007. Rejection of the European Central Bank rate cuts motivated by inflationary concerns. At the same time, experts, assumed to be such a turn of events, point to a critical decline in the European economy. Members of the Board of Directors of the European Central Bank (ECB) at its meeting on Thursday decided not to change the refinancing rate at 4.25% amid fears of experts about the threat of a significant slowdown in the eurozone economy and rising food and energy prices, which increase the risk of inflation . Today's decision by the ECB meets the expectations of analysts. High inflation in the EU has spurred discussions about increasing the refinancing rate by the ECB. However, the head of the Central Bank Jean-Claude Trichet spoke out against this scenario, and signaled to investors about the "neutral" lever in its monetary policy, said IC BrokerCreditService. The ECB is concerned that record over the past 16 years, inflation will cause the requirements of trade unions to increase wages, forcing companies to release prices for the products.