{"id":29303,"date":"2012-06-07T19:53:21","date_gmt":"2012-06-07T23:53:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29303"},"modified":"2012-06-07T19:53:21","modified_gmt":"2012-06-07T23:53:21","slug":"european-central-bank-kept-rate-at-1-and-signals-contraction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/06\/07\/european-central-bank-kept-rate-at-1-and-signals-contraction\/","title":{"rendered":"European Central Bank Kept Rate at 1% and Signals Contraction"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vb43a2d1416aa3ffd7db26e12edcbd2fae7842655&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vb43a2d1416aa3ffd7db26e12edcbd2fae7842655&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Going back Europe: ECB President Mario Draghi left the rate at 1%. For the one who hoped for a cheaper loan, sorry, that&#8217;s not happening. Draghi did leave the door open for an interest rate cut, but that probably won&#8217;t happen until after the Greek election on June 17. ECB also announced new economic forecasts. It expects the European economy to contract 0.1% this year as before and lowered its 2013 growth forecast from 1.1% to 1%. Inflation expectation remains at 2.4% for 2012 and 1.6% for 2013. Eurozone unemployment rate already reached 11%, so let&#8217;s see if this needed interest rate cut will happen in July.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/06\/07\/1_fr92xnzs_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/06\/07\/1_fr92xnzs_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Going back Europe: ECB President Mario Draghi left the rate at 1%. For the one who hoped for a cheaper loan, sorry, that&#8217;s not happening. Draghi did leave the door open for an interest rate cut, but that probably won&#8217;t happen until after the Greek election on June 17. ECB also announced new economic forecasts. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/06\/07\/european-central-bank-kept-rate-at-1-and-signals-contraction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;European Central Bank Kept Rate at 1% and Signals Contraction&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29303","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29303"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29303\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}