FRANKFURT : German Interest Rates
The directors of the German Bundesbank meet Thursday amid renewed speculation that conditions may have improved enough to permit another cut in interest rates.
Optimism for such a reduction jumped in the wake of last weekend’s agreement between major political parties on the long-term financing needed to rebuild the former Communist east. Senior Bundesbank officials had repeatedly said there would be no further rates cut without it.
Bundesbank President Helmut Schlesinger has tried in vain to squelch speculation of a second reduction in as many months.
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