Further ECB rate cuts expected
MARKET NEWS
FRANKFURT -- FX analysts polled by FX Week said they expected further rate cuts from the European Central Bank (ECB) -- despite hints from president Wim Duisenberg that any more cuts were unlikely.
The hints came at a press conference last Thursday, following the bank's 25 basis point cut to take rates to 4.25%. "The new level of interest rates is compatible with the maintenance of price stability in the medium term," Duisenberg told reporters.
But, said analysts, the bank has more room for
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