Bundesbank Rejects Forced Rate Cuts
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From Times Staff and Wire Reports
Germany’s central bank said it will not be forced to ease monetary policy for the sake of the economy, but some analysts see a good chance that German interest rates will come down this week. In its report for the month of January, the bank said it will continue to use carefully any scope for interest rate changes that emerges from economic and monetary developments. The bank’s central council is due to meet Thursday in a regular session to review policy, including interest rate levels.
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