The activism of the central banks pays

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For a few days, the various central banks have évertuent themselves to reassure the markets, with blow of fall of the rates, in order to support the growth. The recession points its end of the nose and the example of Hungary or the Ukraine, which have just obtained a help of the IMF, shows at which point the crisis does not save any country. It is not a news either: the United Kingdom, the euro area and the United States are or soon will be in recession. The question is rather to know of which width will be the recession. ( Finance Information City ) Meanwhile, the authorities endeavour to reassure. The Norwegian central bank today has just lowered its principal rate of half-time, that is to say the second fall in two weeks, while the EDF should announce in end-of-day a new fall of the rates in order to support the activity. Lastly, even the ECB yields to this movement since Jean Claude Trichet made it clear at the beginning of week that a fall of the rates is possible at the conclusion of the meeting of November 6.

The prospect for fall of rate has at least a positive effect on the currencies since the euro and the pound sterling benefit from a less aversion for the risk. For as much, the movement was not reversed, in spite of the fall yesterday yen vis-a-vis the other currencies. The investors remain careful but start to join again with confidence. Timidly.