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Europe Daily Bulletin No. 8415

7 March 2003
Contents Publication in full By article 14 / 47
GENERAL NEWS / (eu) eu/ecb
Predicting price stability, the European Central Bank cuts rates by a quarter of a percent

Brussels, 06/03/2003 (Agence Europe) - On Thursday, the European Central Bank (ECB) Governing Council decided to cut its key interest rate by a quarter of a percent, from 2.75% to 2.50%, its lowest level since April 1999. The widely expected rate cut is expected to stimulate the sluggish European economy, which is being hit by the threat of war on Iraq. Raising the question of growth prospects at the last meeting of the G7 last month, ECB President Wim Duisenberg had said the Central Bank...

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