ECB may ignore mounting calls to slash interest rates

01/8/2009 | Financial Times (free content)

Despite increasing calls for a substantial rate reduction, the European Central Bank looks more likely to leave interest rates unchanged or modestly lowered. ECB policymakers have not indicated that they changed their views on the situation since early December, when ECB President Jean-Claude Trichet said previous interest-rate cuts need to be allowed to take effect. Trichet also warned that slashing rates too far poses risk.

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