European Central Bank to cut interest rates next week may be announced

European Central Bank will be on December 4 after the meeting to cut interest rates, the rate of at least 50 basis points. 27 Council of Europe announced in November the euro-zone economic confidence index hit a new low for 13 years, has deepened the news about the European Central Bank announced the rate cut will be judged. European Central Bank President Jean-Claude Trichet said on the 26th, did not rule out the December 4 meeting of the European Central Bank to cut interest rates again. Jean-Claude Trichet said the ECB will at any time to take any possible measures to ensure price stability. Trichet also expected the euro-zone economy will shrink in 2009, but 2010 will once again began to grow. Jean-Claude Trichet, with a similar position, management committee members of the European Central Bank Noah 27, said in the last three months of the financial situation has undergone tremendous change, the European Central Bank does not rule out the possibility of further rate cuts. Recently, the European Economic situation is not optimistic, the European Commission published the report, 15 euro-zone economic confidence fell from August 1993 to its lowest level since, in October, following a record decline in the largest, in November fell 5.1 points to 74.9, the euro zone has entered since the birth of its first economic recession. With the reduction in the level of inflation, financial markets expected the European Central Bank next Thursday will be the benchmark interest rate from 3.25 percent down to 2.75 percent or less, but because of lower-than-expected economic situation, analysts expected ECB rate cut would be more than 50 basis points . European Central Bank meeting in November will lower the benchmark interest rate to 3.25 percent, which is the European Central Bank since October for the second time since cut interest rates by 50 basis points.