ECB Watch: Eurozone recession fears and the easing of inflation have put interest rate cuts on the agenda
Oct 3rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
ECB Watch: Eurozone recession fears and the easing of inflation, prompted European Central Bank President Jean-Claude Trichet at a press conference to say that the Governing Council is "free to do anything that is necessary," in response to the evolving situation. Interest rate cuts are now on the agenda of the ECB for the first time in more than five years.