ECB may need to cut rates, economist says
China Daily | Updated: 2011-09-22 07:57
Some member institutions opposed to monetary loosening
WASHINGTON / FRANKFURT - The European Central Bank (ECB) will need to ease monetary policy if economic conditions continue to deteriorate, the International Monetary Fund (IMF) said on Tuesday.
The IMF said that the ECB "must continue to intervene strongly" in European debt markets to "maintain orderly conditions."
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