1 October 2001, 13:12  CSFB cuts 2002 euro zone GDP growth, inflation, repo rate forecasts

LONDON (AFX) - Credit Suisse First Boston said it has lowered its forecasts for euro zone GDP, inflation and repo rate for 2002. In a note to clients, the broker said it has cut its euro area 2002 GDP growth forecasts to 1.2 pct from 1.8 pct, and its 2002 inflation forecast to 1.3 pct against 1.5 pct previously. Consequently, it believes the European Central Bank will lower the repo rate to 2.75 pct rather than 3.25 pct as previously forecast.

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