Tag: eropean central bank

Ecb Key Interest Rate

ecb, eropean central bank, interest rate
ECB (Eropean Central Bank) Key Interest Rate 2013  8 May.         0.00 0.50 - 1.00 2012  11 Jul.         0.00 0.75 - 1.50 2011  14 Dec.         0.25 1.00 - 1.75            9 Nov.         0.50 1.25 - 2.00            13 Jul.         0.75 1.50 - 2.25            13 Apr.         0.50 1.25 - 2.00 2009  13 May         0.25 1.00 - 1.75          8 Apr.         0.25 1.25 - 2.25         11 Mar.   &nb...
Euro Is Worth Less

Euro Is Worth Less

eropean central bank, euro
In a market economy, prices for goods and services can always change. Some prices rise; some prices fall. One speaks of inflation if there is a broad increase in the prices of goods and services, not just of individual items. As a result, you can buy less for €1 (one euro). Expressed the other way around, a euro is worth less than it was before.  Some price changes are more important than others When calculating the average increase in prices, the prices of products we spend more on – such as electricity – are given a greater weight than the prices of products we spend less on – for example, sugar or postage stamps. Different people buy different things Every household has different spending habits: some have a car and eat meat, others travel solely by public transport or a