Thursday, October 30, 2008

The European Central Bank is expected next week that interest rates announced by 50 basis points rate cut

Reuters survey shows that the European Central Bank (ECB) is expected in November of that meeting on interest rates once again cut interest rates by 0.5 percentage points in order to help alleviate the economic impact. I am afraid that the euro-zone economy was already in recession. The investigation in the Oct. 27-29 among respondents of 81 analysts had expected the European Central Bank will be on November 6 meeting to cut interest rates, the majority of people are expected to cut interest rates by 50 basis points in rate, which would make The indicators in the euro zone interest rates fell to 3.25 percent, to a two-year low.
The European Central Bank president Jean-Claude Trichet, in a speech earlier this week revealed that the intention may be to cut interest rates, but is not certain. But the market interpreted the rate cut is already known that clinches it.
When asked on November 6 meeting to cut interest rates by 50 basis points likely, analysts estimate the value of the 50 basis point cut shows that the probability was 68%, a record level since the start of Reuters ECB interest rate decision Survey, the highest since 10 years. The previous high probability forecast for the June 2003 resolution rates, the result was 50%.
"ECB's decision-making is its predictability proud. Trichet know that the market has to digest the 50 basis points rate cut, so he (Monday) issued on that kind of signal, suggesting the central bank to cut interest rates to do a good job of preparation." Deutsche Bank chief analyst Mark Wall said.
"ECB is no reason to hold all the factors point to its current need for major action." He referred to the recent announcement of a number of poor economic data.
Reuters survey also showed that the world's major central bank to cut interest rates once again join the probability is about 30%, many people believe that if there is such a collaborative initiatives will occur this week, probably Wednesday in the evening on the same day the Federal Reserve is expected as a result of a If the market generally expected to cut interest rates by 50 basis points.
81 of 49 analysts surveyed expected, following the November 6 after the rate cut, European Central Bank is likely to again cut interest rates in December. Survey shows that the euro-zone interest rates in the first quarter of 2010 to 2.25 percent level Bottom. In the previous October 16 survey, analysts believe that interest rates at 2.75 percent near the bottom.
路透调查显示,欧洲央行(ECB)料在11月的议息会议上再次降息0.5个百分点,以期帮助减轻经济所受到的冲击.欧元区经济被认为恐怕已然陷入衰退。
  该次调查在10月27-29日之间进行,受访的81位分析师都预期欧洲央行将在11月6日的会议上降息,多数人预计降息幅度在50个基点,这将令欧元区的指标利率降至3.25%,为两年来低位。
  欧洲央行总裁特里谢曾在本周稍早发表讲话时透露可能降息的意图,但并不确定.但市场的解读是降息已经称为板上钉钉的事情。
  受访的81位分析师中,67人预计央行将减息50个基点,13人预计降息25个基点,1人预期调降75个基点。
  在问及11月6日会议上降息50个基点的可能性时,分析师的预估中值显示出调降50基点的几率为68%,这一水准创下自路透展开对ECB利率决定调查10年以来的最高。前次预估几率高值是针对2003年6月的利率决议,当时结果为50%。
  “ECB很以其决策的可预测性为傲.特里谢知道市场已经消化了降息50个基点,因此他在(周一)就发出那样的讯号,暗示央行做好了降息的准备。”德意志银行首席分析师Mark Wall表示。
  “ECB没有理由按兵不动,所有的因素都指向其目前需要采取大的行动。”他提到近期出炉的多项不佳的经济数据
  路透调查还显示,全球主要央行再次联手降息的几率约为30%,许多人认为,如果有这样的协同举措,将会发生在本周,可能在周三晚间,因美联储在当日料一如市场普遍预期的那样降息50个基点。
  81位受访分析师中有49人预期,继11月6日的降息之後,欧洲央行很可能再次于12月调降利率.调查显示,欧元区利率可能在2010年第一季于2.25%水准触底.在前次10月16日的调查中,分析师认为利率底部在2.75%附近。

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