Irish central bank hints at early euro rate cuts

Ireland's central bank governor John Hurley Wednesday night provided a strong hint of significant early European interest rate reductions.

Mr Hurley - a member of the European Central Bank's governing council told the Irish Financial Markets Association in Dublin that activity in the eurozone economy remained weak and the ECB did not have to wait until uncertainties dissipated before changing interest rates.

Mr Hurley forecast that the overall European growth rate was now set to be lower than t

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