ECB advised to cut rates if recovery fades

The International Monetary Fund (IMF) says in its April 2004 World Economic Outlook that the European Central Bank should be ready to cut interest rates if there are signs the recovery in the eurozone is weakening further.

http://www.imf.org/external/pubs/ft/weo/2004/01/index.htm http://www.imf.org/external/pubs/ft/weo/2004/01/index.htm

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