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Image header Agence Europe
Europe Daily Bulletin No. 8356
Contents Publication in full By article 14 / 33
GENERAL NEWS / (eu) eu/unions/ecb

ETUC wants ECB to cut interest rates further if necessary

Brussels, 06/12/2002 (Agence Europe) - The European Trade Union Confederation (ETUC) welcomed the decision of the European Central Bank to cut its base interest rates and indicated that the ECB now had to monitor the economic situation very closely and see if another cut was possible if the economic situation continued to worsen. According to the ETUC, rates of 2.5% are still relatively high (in the USA they are 1.25%). The ETUC adds that "action by the EU monetary authority must currently...

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