European Central Bank Raises Interest Rates
Posted by Jason Apollo Voss on Apr 7, 2011 in Blog | 0 comments Europe’s Central Bank – the equivalent of the U.S. Federal Reserve – announced that it was raising interest rates from 1.0% to 1.25%. This is the first rise in interest rates by the ECB since July 2008. Analysis: For me, this is a very clear indication that, at the worldwide political level, the Great Recession is over. That worldwide gross domestic product (GDP) is on...read more