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Europe Daily Bulletin No. 8429

26 March 2003
Contents Publication in full By article 22 / 41
GENERAL NEWS / (eu) eu/ecb
Issing wants to wait and see what happens in Iraq before acting on interest rates

Brussels, 25/03/2003 (Agence Europe) - The European Central Bank (ECB) wants to wait for the situation in Iraq to become clearer before thinking about reducing interest rates again, at the risk of disappointing European governments counting on a reduction to support growth. This is essentially the message sent out by the German member of the ECB board, Otmar Issing, on Monday to members of the European Parliament's Committee on Economic and Monetary Affairs. Mr Issing dampened the hopes of...

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GENERAL NEWS