Germany's Clement says ECB rate cut overdue

German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.

"The level of rates could have been lower - some time ago, in fact. That would have given a boost" to the economy, Clement told a news conference.

"We had a stable price environment that certainly offered the ECB a margin for manoeuvre ...which oth

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