Trichet Says ECB Rate Cuts 'Substantial,' More Possible

European Central Bank President Jean-Claude Trichet talks with Bloomberg's Andreas Scholz in Frankfurt about the bank's decision to cut its benchmark interest rate to 3.25 percent, the prospect of further reductions and the outlook for the euro-area economy. Trichet said he can't rule out a further reduction in interest rates after today's half point cut because the global financial crisis may lead to an extended economic slump. (Source: Bloomberg)

Bloomberg | November 6, 2008

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