RICS Global Real Estate Weekly
Whilst the next ECB interest rate decision is on Thursday 8th, RICS strongly doubts there will be any change at the next meeting and considers that fiscal measures are likely to hit euro area construction sector.
The key policy rate (the refinancing rate) has been on hold at 1% since May 2009.
Weaker sentiment has yet to be reflected in the hard data but confidence has already been hit and the medium term growth outlook is likely to have now been compromised.