Duisenberg gives green light for ECB rate cut

EUROPE - European Central Bank President Wim Duisenberg appeared Monday to give the green light for an interest rate cut this week as euro-zone finance officials sounded a cautious note about the economic outlook for the 12-member bloc.

Duisenberg told reporters he expected euro-zone inflation to fall "well below" the ECB's 2% price-stability measure early next year and to remain there - remarks that point to a minimum 25-basis-point rate cut at the ECB's governing council meeting Thursday.


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