Brussels, 03/06/2009 (Agence Europe) - The forthcoming meeting of the European Central Bank (ECB) is unlikely to decide on a further drop in interest rates, economists predict. On Thursday 4 June, after the meeting of the Council of Governors, its President, Jean-Claude Trichet, is instead likely to announce the technical details of ECB's plans to buy "covered bonds". This initiative has led to concern on the part of the German government.
These "unconventional" measures were announced last...