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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