The well-known financial institutions, JP Morgan Chase, 23, the European Central Bank interest rate forecast, with the euro area economy has entered a potentially deep recession, the ECB will be in June 2012, the benchmark interest rate from the current 1.25% to 0.5% .
JP Morgan believes that the euro-zone economy can not be out of recession before the end of 2012, the line is expected to cut interest rates by 25 basis points in December this year, and then cut interest rates by 25 basis points in March and June next year World steel pipe network editing , and ultimately its benchmark interest rate drop to 0.5%.
Fuse Xi, JP Morgan Chase economist in London, said in the report, the ECB seems Expresses deep concern, is expected to "the bank changed the calm nature, to take faster action on the debt crisis of systemic Earlier this month, the ECB benchmark interest rate from 1.5% to 1.25%.
JP Morgan Chase, said the new European central bank governor Mario Draghi recently made many comments on the issue of the financing difficulties of European banks, collateral applications world pie network information , as well as the rate of capital improvement is expected that the bank will continue the quantitative easing policy, and they are being introduced to support policies But the bank is unlikely to introduce traditional asset purchases.