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Notícias de trading
6 May 2013
Coeure: ECB prepared to cut again
FXstreet.com (Barcelona) - Following ECB’s decision last Thursday to cut the benchmark refinancing rate by 25bps to 0.5%, Executive Board member Benoit Coure said during the weekend that further reductions are possible, if the Eurozone economic outlook deteriorates.
In an interview for the French radio station France Inter, carried out on Saturday, Coeure assured that the ECB is prepared to cut rates further. "We will cut again if new indicators confirm a deterioration in the situation," he stated.
The ECB Executive Board member urged Eurozone national governments to join forces in order to boost growth in the area, continuing at the same time their efforts to reduce deficits. He stressed that stimulating growth doesn’t have to mean more spending. “Creating more debt is not going to solve the problem of growth in Europe,” he said.
In an interview for the French radio station France Inter, carried out on Saturday, Coeure assured that the ECB is prepared to cut rates further. "We will cut again if new indicators confirm a deterioration in the situation," he stated.
The ECB Executive Board member urged Eurozone national governments to join forces in order to boost growth in the area, continuing at the same time their efforts to reduce deficits. He stressed that stimulating growth doesn’t have to mean more spending. “Creating more debt is not going to solve the problem of growth in Europe,” he said.