OECD says ECB should leave rates 'unchanged'

The OECD joined in on the debate over an expected increase in eurozone interest rates, warning Tuesday 29 November that the cost of borrowing should be left "unchanged."

"Rates should remain unchanged until the recovery is locked in," the club of 30 mainly industrialized nations said in its twice-yearly global economic survey.

The OECD raised its overall global economic growth forecasts for its 30 member countries to 2.7 percent in 2005 and 2.9 percent next year, both up 0.1 percent on the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.