ECB keeps rates on hold at 1%

Another month, another hold by the ECB who do not feel that the Economy is in a good enough state for the various stimulus measures to start being withdrawn. he does want EU governments to get their books and order and to plan an exit strategy from the recession. Clearly the noises here are the beginnings of the upturn from where I'm standing. It may take a few more months but the signs are that confidence with blossom in the spring with the majority of the EU economies growing again.

It does not seem like the economies will really take off, especially with unemployment still rising and EU unemployment predicted to rise to 10% in 2010. These times will prove a struggle for many but the fact remains that a large percentage of society will pass through this 'economic crisis' without suffering any impact on their lifestyle or net financial position. Those in that position in fact have an opportunity to take advantage of the historically low French mortgage interest rates to invest in material assets which will be a good place to have equity if the anticipated inflation from the quantitative easing filters through in the next few years.

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