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Politics : Politics for Pros- moderated

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To: Elsewhere who wrote (36405)	3/26/2004 1:00:41 PM
From: LindyBill	Read Replies (1) of 794358

Germany's Ifo asks for rate cut BBC Influential German think-tank Ifo is calling for a cut in eurozone interest rates following indications that the country's recovery is in trouble. Ifo's business climate index, closely watched as a barometer of the health of German businesses, fell for the second straight month in March. This, Ifo president Hans-Werner Sinn said, showed that Germany's recovery was "clearly at risk". "The time has come to cut interest rates in Europe," he said. The board of the European Central Bank - which sets rates for the 12-nation eurozone - meets next on 1 April, amid speculation that it might finally drop rates below the current 2% set last June. news.bbc.co.uk

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