BERLIN (AFP) ??” DIW -- individual of the six leading economic research institutes in Germany -- called in succession the European Central Bank to stimulate domestic demand in the 12-country eurozone according to cutting its key interest rates still further.
BERLIN (AFP) ??” DIW -- individual of the six leading economic research institutes in Germany -- called in succession the European Central Bank to stimulate domestic demand in the 12-country eurozone according to cutting its key interest rates still further.
In a report released just pair days before the ECB was scheduled to hem in its first interest rate-setting meeting of the year, the DIW argued that the ECB should, at the excessively least, signal it is prepared to leave interest rates at their instant low level for the foreseeable to come in order to foster regaining
DIW said it anticipateed the eurozone economy to vegetate by 1.7 percent this year and by way of 2.1 percent in 2005.
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