All of the 57 economists surveyed by Bloomberg expect the results of the ECB meeting on the meeting today the refinancing rate will remain unchanged at 1.5%. However, according to the testimony of the index Credit Suisse Group, which is calculated on the basis swaps, traders are confident in reducing the rate by at least 25 basis points over the next 12 months. Today, during the Asian trading session, the euro / dollar showed a steady decline. With the start of European trading the euro is also in no hurry to recover the position. Market participants expect that, at a press conference today ECB head Jean-Claude Trichet signaled a decrease in its inflationary concerns, which would be for the market signal that the tightening cycle of monetary policy is stopped. This currently puts pressure on the euro.
