The main event of yesterday - ECB raised rates to the highest level for last six years - 4 % per annum. Steady growth of economy of Europe and the increased inflationary risks makes such step necessary, the President of the European Central Bank Jean - Claude Trichet declared.

He also sounded ECB position concerning a question on the further monetary policy. Trichet declared that the situation with inflation could demand the further increase of rates. Wage-push supports home consumer potential of Eurozone - that it is the core factor for growing economy, however, on the other hand, the factor raising inflationary risks.

Even after yesterday's increase of ECB rates - nevertheless rates of the European bank remain below two other influential central financial regulating bodies - the US Federal reserve and Bank of England - which rates are 5,25 % and 5,5 % accordingly.

Traders expect that today the Bank of England will not change the rate and make a decision to leave them at a former level. Concerning FRS rates - Chairman of Governing Board Ben Bernanke declared that the inflationary background remains a little bit "raised", that can mean that at FOMC nearest meeting which takes place in the end of month, the decision to leave the rate at a former level will be made.     

Joerg Kraemer, the group economist at Commerzbank in Frankfurt, assumes that ECB will not stop at this, and rates will increase up to the end of year and reach 4,5 %.

This week the International Monetary Fund expressed opinion that due to that inflationary risks prevail in conditions of growing economy of Eurozone ECB rates should be raised.

As a whole the general mood of the market remains constant, the global trend, having designated correction to a level 1,339, did not change the direction. Probability of that the maximal historical level will be overcome remains big. While we continue to watch a situation on the market.