Former Bank of England chief calls on ECB to cut

Sir Edward George, the former Bank of England governor, called for the European Central Bank to cut interest rates to boost the economy in the 12-country region that uses the euro, according to a newspaper report.

With improving inflation prospects and evidence that demand in the region may be too weak, the ECB might have scope to cut rates, George said in an interview with the Times in London.

``In contrast to the U.S. where they have got a sustained improvement in productivity, we are not ge