ECB and interest rates

Chris Burford cburford at gn.apc.org
Sun Mar 21 01:09:18 PST 1999


At 17:14 19/03/99 -0800, Jim O'Connor wrote:


>Top ten reasons why ECB won't cut interest rates:


>3. ECB will not be a party to making Germany another consumer of last
>resort. Unlike the U.S. trade deficit, which influences the dollar/yen/mark
>rates very little, a European trade deficit would push the Euro down, down.

Yes. Why?

Chris Burford

London



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