ECB and interest rates (J. O'Connor's top ten)

Michael Pollak mpollak at panix.com
Fri Mar 19 21:55:14 PST 1999


On Fri, 19 Mar 1999, Barbara Laurence wrote:


> anyway. And the number one reason why ECB won't lower interest rates
> is: ?

Because the current rate is 3%, and the ECB came into existence with an inflation target -- of 2% or less?

Michael

__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com



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