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![]() Alpha (LUX) Money Market Fund EUR I (LU1508359418) Reg. Number 11062
Portfolio Breakdown
Quarter Review
During the 3rd quarter of 2018 the European Central Bank kept its main refinancing rate unchanged at 0.00%.
Interbank rates (3-month Euribor) remained at -0.32%.
The ECB left its main refinancing rate unchanged. ECB President Draghi said that interest rates will remain at their current level at least until the summer of 2019. President Draghi stated that he sees a "relatively robust" recovery in Eurozone inflation.
The European Central Bank (ECB) has left its inflation forecasts unchanged, but it has revised downward the growth forecasts. The ECB estimates that the consumer price index will be at the level of 1.7% this year, as in 2019 and 2020. For 2018, the ECB predicts growth of 2% against a previous forecast of 2.1%, while for 2019 predicts growth of 1.8% versus 1.9%. For 2020, the forecast remains stable at a growth rate of 1.7%.
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