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Eurozone: Cut in Interest Rate Not Necessary

Published: March 14, 2013; 14:50 · (Vindobona)

According to govenor of the Austrian National Bank an interest rate cut to improve the economic situation in the eurozone is not required at the moment. UKIP Leader Farage criticizes politicians for denying problems in eurozone.

Eurozone: Cut in Interest Rate Not Necessary / Picture: © Wikipedia / Christian Wirth (Wirthi)

Despite of the recession and the rather gloomy outlook on most of the eurozone member’s economy situation, govenor of the Austrian National Bank (OeNB) and member of the European Central Bank (ECB) governing council, Ewald Nowotny, does not see an imminent need in taking measures in the interest rate policy. However, as he stated today in Vienna, there was an “unsatisfying growth…

This article includes a total of 234 words.

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