'Recovery may be slower' - ECB's Vanhala

GERMANY - European Central Bank (ECB) governing council member Matti Vanhala said Monday that the euro-zone economic recovery may be slower than expected, but an ECB rate cut was unlikely to boost demand significantly.

'I'm sure that while a rate cut might not do great harm, it is actually not quite easy to make the case that it would affect the demand situation in any major way,' Mr Vanhala, who is also governor of the Bank of Finland, said.

His remarks came amid growing pressure on the ECB fr

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