Duisenberg: ECB may cut rates further

Speaking at the weekend Wim Duisenberg suggested the ECB could cut interest rates further and said a weakened outlook for the euro zone economy could reduce inflationary pressures.

Source: Reuters

European Central Bank President Wim Duisenberg on Saturday lowered the bank's outlook for the euro zone economy and said its hands would not be tied by any Iraq war -- a clear signal it could cut interest rates soon.

Markets will latch on to his new comments on growth and inflation, repeated twice in