Euro will be stronger

The European Central Bank (ECB) raised its key interest rate refinancing from one percent to 1.25 percent per annum. This is stated in the bank, published on the website of the organization on Thursday, April 7. The refinancing rate of one percent in the euro has acted since May 2009. Even earlier, in summer 2008, the European rate was 4.25 percent. During the international financial crisis bankovkie regulators released base rates to a minimum. In the U.S., for example, the rate ranges from zero to 0.25 percent. In Japan, from zero to 0.1 percent. As a rule, high interest rates aimed against inflation, that is, when you need to reduce the amount of money. Low rates, conversely, "warm up" the economy. Refinancing rate set by the Central Bank of 8 per cent. The fact that the rate of the European Central Bank may be increased, said the head of EBTS Jean-Claude Trichet, in March 2011. As a result, the euro has grown considerably.