OECD urges ECB to be prepared to cut rates

The OECD has said fiscal measures are unlikely have a significant impact on growth and urged the ECB to be ready to cut interest rates if further signs of weakness in the eurozone economy appeared. OECD chief economist Jean-Philippe Cotis said on Wednesday "I would not say it should cut immediately, but it should stay on the alert".

Source: Financial Times

The European Central Bank should be ready to cut rates quickly if there were signs of further weakness in the eurozone economy, the Organisa

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