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ECB: Debates about Further Measures in Monetary Policy

Politics ♦ Published: December 5, 2013; 11:53 ♦ (Vindobona)

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Today the 23 member of the European Central Bank’s Council have initiated debates about the the stance of monetary policy. The base rate, lowered to 0.25 percent last month, is expected to remain unchanged.

ECB: Debates about Further Measures in Monetary Policy / Picture: © Vindobona.org

Experts do not consider the European Central Bank (ECB) to take further measures in loosening the monetary policy. Around a month ago the ECB lowered the base rate by 0.25 percent to a new record low to 0.25 percent from 0.5 percent. The extremely low inflation in the Eurozone (0.7 percent in October) was the reason for this measure, as announced by the ECB in Frankfurt. Central Bankers…