Market news
18.11.2011, 10:01

Draghi: ECB сut rates in Nov due to econ outlook

  • Activity Expected To Weaken In Most Advanced Economies
  • Downside Economic Risks In Euro Area Have Increased
  • Weaker Euro Zone Activity Will Moderate Price, Wage Pressures
  • No Advanced Economy To Be Spared
  • ECB Cut Rates In Nov Due To Econ Outlook
  • ECB Aware Of Current Difficulties For Banks From Debt Crisis
  • Stresses Continuity In Maintaining Price Stability Objective
  • ECB Takes Decisions In Full Independence
  • Euro Area Helped By Emerging Econ Demand
  • Must Resist Temptation To Resort To Unilateral Policies
  • "Must Work Together" With Emerging Economies
  • Emerging Economies' CPI Hasn't Fed Into Euro Area Prices

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