European Central Bank President said that the decline porspek / economic outlook increased, so that this condition will certainly reduce the prospect of higher interest rates again today following the ECB keeps interest rates at 1.5% level.
In addition the European Central Bank (ECB) yesterday also revised down prospects / outlook for European economic growth to 1.4% - 1.8% for 2011, lower than the June estimate of 1.5% - 2.3%.
While the issue of problems of global economic slowdown, shrinking inflation, and widespread fears of debt crisis, the euro zone, will still continue to weigh on the euro and could push the ECB not to continue its monetary tightening policy in the future.
