European Central bank decreased on Thursday, the reference rate to a new record rate, of 1.25%. Analysts estimated a decrease by up to 1% as they expect an economic decrease in the euro zone and a signficant drop of the inflation.
This is the sixth decrease from October 2008 when the reference rate was 4.25%. International experts declared that due to a smaller inflation, the Bank is compelled to reduce the key interest rate to balance a deflation risk. The euro zone inflation decreased to half in March up to 0.6% according to preliminary data.