Posted by: youngragingbull | January 18, 2013

ECB may need more rate cuts: Lagarde

The European Central Bank should maintain its easy monetary policy and more rate cuts may be needed, said International Monetary Fund Managing Director Christine Lagarde, on Thursday.

“Clearly continued, if not further, monetary easing will be appropriate in order to sustain demand,” in the region, Lagarde said at a press conference.

She also repeated that the European Union must make progress on efforts to form a full banking union.

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