ECB chief ready to cut interest rates

Updated: 18:11, Wednesday, 26 November 2008

European Central Bank president Jean-Claude Trichet says he is ready to cut interest rates again.

1 of 1Jean-Claude Trichet - No comment on timing of rate cut
Jean-Claude Trichet - No comment on timing of rate cut

However, speaking in Cairo, Mr Trichet declined to say when or by how many percentage points.

The ECB lowered its main rate twice in October and November by half a percentage point each time, bringing the benchmark cost of borrowing in the eurozone to 3.25%.

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