EU's Barroso: Conditions Are There For Interest Rate Cut
"The conditions are there for an interest rate cut," Barroso said on French radio station RTL, noting that inflation was becoming less of a concern than growth.
Barroso said he expected the ECB to cut rates at its next meeting. He declined to comment on the magnitude of the cut he expected? out of respect for the ECB's independence.
The current financial and economic crisis has shown the importance of the euro for the protection of euro zone economies, Barroso also said.
-By Jethro Mullen, Dow Jones Newswires; 33 1 4017 1738; jethro.mullen@dowjones.com
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(END) Dow Jones Newswires
November 30, 2008 13:39 ET (18:39 GMT)
Publié le 30 novembre 2008 Copyright © 2008 Dowjones
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