China Financial Daily

European Central Bank may continue to cut interest rates
President of European Central Bank Jean-Claude Trichet on 12nd with the governor of Russian central bank Ignatieff talked and said that even though the current interest rates of benchmark of 1.5 percent for the euro-zone had been at a historic low, but there was still space for the European Central Bank to cut interest rates. However, he said the European Central Bank did not make a decision. Jean-Claude Trichet, also was in the view that in the euro zone in 2009 most countries will be in recession, and in 2010 the situation would be improved, and economic re-start growth.

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