Europe’s ten leading economic think-tanks expect ECB benchmark interest rate above 2% by end of 2011
Dec 4th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Euroframe, a group of Europe's ten leading economic think-tanks, including Ireland's ESRI (Economic and Social Research Institute), say in its Winter 2009 report on the Eurozone, that GDP (gross domestic product) will increase by +1.0% in 2010 and +2.0% in 2011. It expects the ECB will raise its benchmark interest rate to above 2% by the end of 2011.