Eurozone crisis prompts European Central Bank rate cut

3rd November 2011

Reuters reports how ECB's short announcement confounded expectations.

2 thoughts on “Eurozone crisis prompts European Central Bank rate cut”

  1. Anonymous says:

    Hello Simon,you say ”  The Bank, however, continues to deny any responsibility for improving
    credit supply, despite believing that credit constraints have
    contributed to supply-side weakness.” What does this mean…

    1. Simon Ward says:

      It means that they could improve credit supply by tempering their excessive demands on banks to boost capital and liquidity, and this would encourage firms to bring capacity on stream.

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