European Central Bank left interest rates in the euro area remained unchanged at 1%yesterday. For his part, Bank of England kept interest rates at record low level of 0.5% but decided to inject additional liquidity worth 50 billion pounds sterling, or about $ 79 billion,the economy is known as quantitative easing program. And inject additional liquidity in the economy, which effectively means printing more money, bringing the total value of thequantitative easing program to 325 billion pounds.
Although the procedure carries the risk of inflation, seen as an attempt to avoid a recessionin Britain. And reached the level of interest rates to a record low at 0.5% lasted for almost three years.