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Europe Daily Bulletin No. 7948

20 April 2001
Contents Publication in full By article 13 / 43
GENERAL NEWS / (eu) eu/ecb
Central Bank should remain inflexible despite American cut in interest rates

Brussels, 19/04/2001 (Agence Europe) - If the decision taken on Wednesday by the American Federal Reserve to lower its interest rates is of a nature to increase pressure on the European Central Bank (ECB) for its to follow suit, it is improbable that this would be enough to shift its monetary rigour, felt a source close to the ECB, on Thursday. "Reacting to the American decision, more remarkable for its effect of surprise than truly surprising, would be a negative signal sent by the European...

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