CCTV.com - CNTV English - CCTV News

ECB expected to cut interest rates

06-06-2012 20:07 BJT

Watch Video

Play Video

The European Central Bank is expected to discuss whether or not to cut its main interest rates. This move could be a major boost to mortgage holders.

The regular meeting in Frankfurt comes as worries continue about the ability of Spanish banks to remain solvent, and the possibility that Spain might need help to prop up its banking sector. Some analysts have predicted that the central bank may cut rates by 0.25 percent.

Others consider it more likely that interest rates will not be adjusted until next month’s meeting. If the ECB signals a cut in rate, it could also indicate a drop in its deposit rates, to discourage banks from parking the cheap funds they borrowed from the ECB.

 

Editor:Zhang Jingya |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program