OECD chief economist calls for ECB rate cut

A newspaper has quoted the OECD's top economist as saying "there is a clear-cut case" for a cut in the ECB's interest rate by a "significant" amount.

Source: Reuters

OECD chief economist Jean-Philippe Cotis was quoted in a newspaper interview on Wednesday as saying there was ample room for the European Central Bank to cut interest rates by a "significant" amount.

The International Herald Tribune quoted Cotis as saying "there is a clear-cut case" for the ECB to cut interest rates soon, by more

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