Europe’s bank has to do more for economy

Too little, too late. It might seem a strange criticism to make of the European Central Bank, which last week cut its key interest rate to an historic low of 1.5 per cent, but the ECBs till lags well behind other major central banks in its response t

7th March, 2009

Too little, too late. It might seem a strange criticism to make of the European Central Bank, which last week cut its key interest rate to an historic low of 1.5 per cent, but the ECBs till lags well behind other major central banks in its response to the crisis and seems caught up in its old traditional way of thinking.

True, no other central bank has managed to navigate away out of the economic and...

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