Euro Reaches a Minimum Level of the last 13 months
Saturday, October 4, 2008
Euro has depreciated to a minimum level never heated since 7 September 2007, of 1.3748 dollars, after the president of the European Central Bank (ECB), Jean-Claude Trichet also expressed his fears about the European economic growth and talked about a moderation of inflation, writes AFP, quoted by NewsIn.
The single European currency recorded thus a decrease of more than 14% of the historical record in July, of 1.6038 dollars.
European Central Bank officials (ECB) have discussed yesterday about the possibility of a key interest rate down, said the ECB president, Jean-Claude Trichet at the press conference held after the meeting of the monetary policy institution based in Frankfurt.
The ECB decided to keep key interest rate at 4.25%, set in June.
