OECD says ECB rates still below neutral level

The OECD said Thursday 4 January European Central Bank interest rates are still below a 'neutral' level and continue to stimulate activity in the euro zone.

Market expectations for a further ECB tightening move in the next three months are realistic, it said.

'The level of interest rates remains below most estimates of the neutral rate, so monetary policy is still supporting activity,' the OECD said in a report on the euro zone economy.

'Financial markets are pricing in at least another 25 basis

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