The BCE maintains the types of interest to 4%

    In June the money rose the highest level from August of 2001, being placed in 4% and the 5 of September of 2007, were the indicated day to decide to raise to the types a quarter of percentage point to be placed in a 4.25%. In fact nobody was safe if they were going away to raise or to maintain, everything were speculations and debates without clear conclusions because the uncertainty was clear.

    The American real estate crisis has brought about the decision to maintain the types in 4%. This crisis has had essentially to the high number of concessions of hypothecating loans in the USA, to people who did not collect clear data of solution. They are the calls mortgages “subprioritizes”. The crisis has brought about great doubts on what it is the course of the economy. The mortgages “subprioritize” are provoking of dilatoriness.  If one is not pleased to the financial organizations the quotas of the mortgages, these are forced to sell their stock-exchange assets being able to bring about a catastrophe in stock-market. By this possibility the BCE, the Central bank of Japan and the American Federal Reserve have injected several times liquidity of extraordinary form, with the aim of which the banks count with sufficient money and they are not forced to sell his assets in stock-market. Therefore, this economic uncertainty is the one that has taken to maintain the types of interest, in 4%.

    Eight have been the increases on the part of the European Central bank of the types of interest, since the end of 2005, moment at which they were in 2%. The eight ascents have been all of them of a quarter of percentage point being placed thus until 4% that is as they are at the moment the types of interest.

    Although it seems that the Council of Government of the European Central bank has tranquilized his anxieties to raise to the types of interest, due to the climate of uncertainty produced by the American crisis, the words of the president of the BCE, Jean Claude Trichet, sound quite threatening, since it has indicated that it will be acted “of form signs and opportune” to control the stability of the prices. That is to say, one is going away to establish one narrow monitoring on the economy and the stability of the prices, which makes glimpse future ascents of the types of interest to contain the inflation. Thus they indicate the analysts who foretell two next ascents of types of a quarter of percentage point each of them until leaving to the types in 4.5%.