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    ECB to cut key rate at ‘moderate’ extent

    Bloomberg
    27.04.2009 - 00:00 | Son Güncelleme: 26.04.2009 - 16:43

    FRANKFURT - European Central Bank council member Guy Quaden said the bank will probably cut its benchmark interest rate at a “moderate” extent at its May 7 meeting.

    “At that occasion a new cut for our main interest rate is surely not excluded,” Quaden told reporters after the International Monetary Fund meeting in Washington. “It will probably be moderate but it would bring our main rate to a new historically low level. We will also discuss and probably decide other non-conventional measures.”
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