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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: yard_man who wrote (7008)	2/5/2004 2:33:59 PM
From: mishedlo	Read Replies (1) of 110194

-- DJ IMF: ECB Must Be Set To Cut Rates On Euro Strength-Report -- ROME (Dow Jones)--Euro-zone interest rates are "appropriate" but the European Central Bank should stand ready to cut rates if the euro continues to strengthen, the International Monetary Fund will say at a G7 meeting Friday, Italian news agency Ansa reported Thursday. The IMF will say at the meeting in Boca Raton, Fla., that the ECB "should be ready to relax monetary policy further if the euro's continued strength threatens the (ECB's) inflation target," Ansa said, citing a draft copy of the IMF's latest world growth forecasts to be presented at the meeting in Florida.

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