Duisenberg silences ECB rate cut talk

Wim Duisenberg put the onus on national governments to stimulate growth Thursday, telling the European parliament that governments can no longer hide behind the ECB to cover up their failure to enact urgently required structural reforms.

Source: Reuters

European Central Bank President Wim Duisenberg on Thursday put an end to hopes for early interest rate cuts, saying the central bank had done its part to boost growth and it was now up to governments.

Duisenberg's sharp words provided a direct

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