La European Central Bank , Bank of England they kept interest rates on the euro and sterling at historic lows, at 0,25% and 0,5% respectively. The decisions are in line with analysts' expectations. Immediately after the communication by the two boards, the main European stock exchanges are all in positive territory: Piazza Affari +1,1%, London +0,3%, Paris +0,4% and Germany +0,2%.
The current level of the key rate for the Eurozone has been in effect since November 2013, when the Eurotower cut it by 25 basis points to stem the weakening of price growth.
The target is still a long way off, considering that average inflation in the currency area should reach 0,7% in April, much lower than the target set by the ECB, ie just below 2%.
The picture is made even more complex by currency exchanges: the euro has just returned to just 1,39 against the dollar, the highest since 2011. The strength of the single currency can, on the one hand, slow down the economic recovery, making exports less competitive, on the other, to further depress inflation.
For these reasons, hypotheses have been circulating for months about the possibility of new measures coming from the Central Bank.
