ECB rate cutting far too slow says report

ECB watcher David Begg had some harsh words to say on the ECB's recent performance, but offered a little sympathy for a central bank that is not allowed to take the credit when it deserves it.

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Speaking at the launch of an update for the CEPR's monitoring the ECB publication on Tuesday, Nick Carver of Central Banking heard Begg, one of the authors, say the ECB had been too slow to cut interest rates this year. The Europe-wide rate should be up to 1.4 percentage poi

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