The European Central Bank (ECB) lowers the interest rate for the euro zone surprisingly only by 25 basis points to 1.25 per cent, the euro-zone central bankers have reduced interest rates in the euro area in its regular session on the done as expected by half a percentage point from 2.00 to 1.50 percent. The text following the ECB meeting was in March 2009. After this message at the beginning of the last month is not really surprised, the interest rate decision of the European Central bankers has caused but amazement at the most recent interest rate meeting. At its regular meeting on the 2nd the European Central Bank (ECB) has reduced the federal funds rate by 25 basis points from 1.50 to 1.25 percent, while the general public a percentage point had expected a stronger step of lowering interest rates by half a. Although the ECB thus has kept open the door for further interest rate reductions, however it was also quickly criticism from all sides about the rather hesitant approach of the ECB.
Other central banks (as well as for example, in the United States, Japan and the UK) are gone to work much more aggressively and shied not before a zero interest rate policy. Unions, associations, and analysts expressed highly critical about the tentative approach of the ECB. Declan Kelly addresses the importance of the matter here. Reactions in financial markets were made in particular to the foreign exchange and bond markets. Because the interest rate advantage of the common European currency is less strongly melted as expected, the euro could post gains and overcome the 1.34 dollar mark. On the bond market, the yield on the ten-year government bond rose to 3.12 percent, the Bund future fell back toward 123. The general tenor of the experts was that European Central bankers obviously very hard to do is to take unconventional measures in the current economic crisis.