Europe isn't ready yet to pull America out of its slowdown

Article Abstract:

Pressure on the European Central Bank (ECB) to reduce interest rates is discussed. The main factor that would encourage the ECB to reduce interest rates would be a drop in the headline inflation rate.

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German downturn forces a change of heart at the ECB

Article Abstract:

The European Central Bank's unexpected decision to cut interest rates is discussed. It is possible that this decision was fuelled by concerns about the weakness of the German economy.

Administration of General Economic Programs, Intnl Economic Policy, Germany, International economic relations

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Why the Bank of England was right on interest rates after all

Article Abstract:

It is now becoming clear that former UK Chancellor Kenneth Clarke was misguided in preventing the Bank of England from increasing interest rates in summer 1995. At the time, his judgement seemed to be correct, as economic growth appeared to be slowing down. However, it has now been established that the economy was growing more rapidly than had been thought. This has significant implications for future interest policy. If interest rates were not increased sufficiently in 1995, then it follows that interest rate rises will have to take place now.

United Kingdom

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