base interest rate of the European Central Bank (ECB) currently is adequate, the situation in the economy, said the head of the bank, Jean-Claude Trichet at a press conference after a meeting of the ECB, at which it was decided to keep interest rates at 1 % per annum, according to Bloomberg.

This indicates that the bank has no plans to increase the value of money in the eurozone in the near future, experts say.

“Taking into account all the information and analytical data that we received after the meeting of January 14, 2010, we can say that the fluctuations in consumer prices will remain insignificant for the foreseeable future” - said Jean-K.Trishe. In the short run, inflation will be around 1%.

“The analysis of monetary confirm fidelity evaluation of low inflationary pressures in the medium term. Given all the factors, we expect to maintain price stability over the medium term that will support the purchasing power of consumers of the eurozone,” - said president of the ECB.

“Recent data also confirm that the end of 2009, economic activity in the euro area continued to grow,” - he said. In particular, increased activity favored the rise in demand for European exports.

“In general, the Board of Governors expects that the eurozone economy will grow at a moderate pace in 2010, recognizes that the recovery process is likely to be uneven, and the outlook remains uncertain,” - said the head of the ECB.

According to Jean-K.Trishe, the ECB is confident that Greece will take the necessary steps to reduce the budget deficit. Measures to freeze growth of wages of budget, pension reform, improve tax collection, he described the steps in the right direction. The total budget deficit in the euro zone will be about 6% of GDP in 2010, better than expected performance in Japan and the U.S., he added.

euro exchange rate remains low, that will benefit the European economy, but talk about his future dynamics is difficult, said Jean-K.Trishe.

euro to U.S. dollar falls on Thursday after ECB rate decision. By 17:02 Moscow time the euro was worth $ 1.3815, compared with $ 1.3893 at the end of the previous session.