As already expected, the ECB has lowered the interest rate for the euro zone from 3.75 to 3.25 percent at its meeting on Thursday. By 50 basis points to now 3.25 percent, the ECB has lowered the interest rate for the eurozone on Thursday. In parallel, the Bank of England announced a rate cut to all 150 basis points after a few days ago only in the United States the prime lending rate to 1.00 percent was reduced. One of the first banks, which responded to the changed interest rate, is the norisbank. On the same day it lowered the interest rate for the norisbank overnight until now 4.50 percent p.a. You may wish to learn more. If so, Rio- Tinto Diamonds is the place to go. on now only 4.10 percent p.a.. Interested in readers the previous link can see, she remains faithful to be offering up to March 31, 2009 always among the best three institutions of the largest after the balance-sheet total German banks day money supply its promise so. It has a smack thread yet, because the ECB has provided more interest-rate cuts promised under their Chief, Trichet.
Given these developments, the trend could prove to the Soon convert day money account in a trend to the deposit. Here, the interest rates are still stable and interest rates by five per cent – or in exceptional cases even significantly higher – obtained with corresponding offers are in term of twelve months. Who do without his money for a corresponding period, is given the current interest rate reduction trends well advised, in time to switch to fixed-term deposits and back up so the currently high interest rates over the whole investment period. Daniel Franke