Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Tom Smith who wrote (63395)	1/31/2001 5:14:19 AM
From: Tom Smith	Read Replies (2) of 436258

quote.bloomberg.com "Slowing inflation and economic growth may prompt the European Central Bank to lower interest rates in the first half of the year to give a boost to the euro region's economy, though no move is expected when policy-makers meet tomorrow, analysts said. ECB officials have expressed optimism that the euro zone's economy will weather a U.S. slowdown without serious consequences. ``The outlook for euro-area growth remains generally positive,'' Chief Economist Otmar Issing said last week. ``There are no signs'' that rates should be changed at the moment, council member Ernst Welteke said Friday. The Federal Reserve, by contrast, is expected to cut the federal funds rate, the amount banks charge each other for overnight loans, for a second time in four weeks today to boost U.S. growth. That may help the euro by narrowing the gap between the Fed's main rate, now 6 percent, and the ECB's 4.75 percent refinancing rate."

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