ECB should cut rates, EU take bloc-wide measures: OECD
World BusinessMay 22, 2012
PARIS (AFP) -- The ECB should cut interest rates further and the EU take bloc-wide measures to boost growth and ease the fiscal adjustment in the eurozone where crisis risks are intensifying, the OECD said on Tuesday.The OECD called for “a further easing in the euro area” despite the ECB having official rates at a record low 1.0 percent, given that inflation is set to decline to the central bank’s target of 1.9 percent next year.It warned that the ECB may need to intervene again to stabilize ban