Inflation no longer a threat to eurozone

EUROPE - Wim Duisenberg, president of the European Central Bank, said yesterday, Thursday, the bank's decision to cut interest rates by 50 basis points to 3.25 per cent reflected both a need to prop up battered confidence, and the bank's belief that inflation was no longer a threat to the eurozone.

Explaining the rate cut, Mr Duisenberg said: "Our assessment, especially after 11 September, has led us to believe that confidence has been harder hit than we thought only a few weeks ago... It will

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: