Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“

Politics ♦ Published: May 2, 2013; 17:16 ♦ (Vindobona)

President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.

Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“ / Picture: © Wirtschaftsbund / Christoph Leitl

Today, the European Central Bank cut the base rate by a quarter percentage point to a historical low of 0.5 percent. President of the Austrian Chamber of Commerce Leitl regards it as a right step in monetary-policy which “supports trust, helps exporters and investors and the stagnant economy by providing an urgently required economic impulse”.

Furthermore, the ECB under…

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