The European Central Bank (ECB) is going to release their monthly report, where the central bank releases a statement that explains why the bank decided to leave interest rates steady at 1.00%. Also, the ECB will explain the current situation while giving out some futuristic expectations for the euro zone over the medium term.
The bulletin will have no surprises for market, as it will reveal that the current interest rate of 1.00% is appropriate while conditions are stabilizing in the economy. Concerning inflation rates, officials will mention that there are low inflationary pressures over the medium term, yet are inline with the central bank expectations.
Consumption is tight in euro zone after the cold weather had forced consumers to remain at home alongside the mounting job losses as unemployment is currently standing at 10.0% which is another factor weighing on spending levels, although economic data has been pointing to the fact that conditions are improving.
For more: Europe Ahead: ECB Publishes Monthly Report While Trade Gap to Widen in UK , Top Story - ecPulse.com
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