2 April 2001, 14:59 IMF'S Koehler says an ECB rate cut would be helpful for euro area
BERLIN (AFX) - A rate cut by the European Central Bank would
"definitely be helpful" for the euro-zone economy, Horst Koehler,
managing director of the International Monetary Fund, said here.
"A rate cut by the ECB would definitely be helpful to the European
economy," the IMF chief said.
The IMF expects to revise downwards its forecast for euro-area
growth this year to 2.5 pct, Koehler added.
The ECB has come under pressure recently to ease credit conditions
in the euro area to boost flagging growth in the region.
The ECB is the only major central bank in the world not to have cut
its key interest rates in response to the recent sharp deterioration in
global economic conditions and has held its rates steady since October.
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