Bank of England cuts key rate

Article Abstract:

The Bank of England has announced that it will lower a key interest rate due to worldwide economic decline. Industry analysts, who have said that the Bank of England's cut in its base interest rate was attempting to head off a round of deflation with its action, called for lower interest rates to cope with the country's weak economy. The base interest rate in Continental Europe is only 3%.

United States, Receipt of funds, Bank of England, Finance, Interest rates, England

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German economy contracted in 2003

Article Abstract:

The German economy slightly recedes in 2003 for the first time in a decade, and the outlook for 2004 is predicting only slight growth. Some analysts believe reunification is still impacting the country's financial condition.

Germany, Analysis, Economic aspects, Economic conditions

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Who's in charge at the ECB?

Article Abstract:

The article discusses the membership of the European Central Bank (ECB) and which member is in charge of the bank. Although President Wim Duisenberg is the ECB's public persona, he does not appear to be in charge.

European Union, Management development, Management, European Union. European Central Bank, Duisenberg, Wim

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