Brussels, 02/10/2001 (Agence Europe) - Whereas Tuesday evening most economists were expecting a further half-a-point cut in the leading rate of the American Federal Reserve (Fed), one should hardly expect a further cut in the rates of the European Central Bank (ECB). This is the conclusion that has to be drawn on reading an interview with Otmar Issing, the ECB's Chief Economist, published on Tuesday in the Handelsblatt.
According to Mr. Issing, the recent half-a-point cut in ECB rates did...