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The world crisis is on the downswing
20 апреля 2009 г.

“According to the reports the indexes of economies of a number of countries including Europe stopped deteriorating, he said. However it doesn’t affect the fact that 2009 will be hard”. According to him, while during the global financial crisis the “trust in the world economy is vanishing”, it will start to stabilize in 2010.

In the first place, according to the head of the Central Bank of Europe, it will occur under the influence of the low oil and raw materials prices and also due to vigorous economies of the leading developing countries.

As for the question of the possible level of the rate decline, the head of the bank noted that it definitely won’t decline to zero. “We don’t consider this to be possible”, he marked. This month the Central Bank of Europe has already declined the rate by 0,25% to the record – breaking low rate of 1,25%.
 

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