European Central Bank policymakers seek to damp down speculation on the inevitability of interest rate cuts
Aug 28th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European Central Bank policymakers are seeking to damp down speculation on the inevitability of interest rate cuts in the near future in response to a sharp slowing in Eurozone economic activity in the second quarter. On Wednesday, one member of the ECB's Governing Council warned that it may be necessary to hike rates as the economy recovers.