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ECB Cuts Rates

Steven L. Taylor
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Via the BBC:  ECB cuts interest rates to 1.25% (down from 1.5%, where it has been since being raised in July).

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One response to “ECB Cuts Rates”

  1. Ben Wolf Avatar
    Ben Wolf

    The rate cut will have an effect somewhere in the range of zero to nothing. Monetary policy is simply not capable of addressing the EMU’s problems.

    Sorry Mr. Friedman.

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