Mit so niedrigen Realzinsen wäre eine Pause zum Jahresbeginn verfrüht.
Even though 2006 has been an excellent growth year for Europe, real interest rates—interest rates expressed in terms of goods and services as opposed to money—have not budged from the beginning of the year. This means Europe’s monetary policy continues to stimulate economic growth despite the fact that, by December, money rates will have been raised 150 basis points during 2006.