The Economy Minister Christine Lagarde said Wednesday that a further decline in interest rates the European Central Bank would be "good", although it was probably not "the best in the current period."
Asked about LCI, Ms. Lagarde said that the ECB, chaired by Jean-Claude Trichet, "has already fallen several times as we ask for at least one year.
" 'Another effort, Mr. Trichet', it would be nice," she added, noting that "anyway, inflation has clearly decreased" and "this is good news for French households."
"The real need is growth, and we know the monetary weapon can be an effective weapon. This is not the only, it is probably not the best in this current period, but we has no right not to use all these weapons, "she ruled.
The ECB had fallen on November 6 by half a percentage point its key interest rates by 3.75% to 3.25%.
Asked about LCI, Ms. Lagarde said that the ECB, chaired by Jean-Claude Trichet, "has already fallen several times as we ask for at least one year.
" 'Another effort, Mr. Trichet', it would be nice," she added, noting that "anyway, inflation has clearly decreased" and "this is good news for French households."
"The real need is growth, and we know the monetary weapon can be an effective weapon. This is not the only, it is probably not the best in this current period, but we has no right not to use all these weapons, "she ruled.
The ECB had fallen on November 6 by half a percentage point its key interest rates by 3.75% to 3.25%.
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