ECB set to cut interest rates to record low - The Irish Times - Thu, Mar 05, 2009
A few questions:
Would the ECB not be a lot more effective just dropping the rates to 0 and slowing down the recovery - the drip drip drops don't seem to be having the jump start required?
Is the ECB's economic influence not immasculated when divorced from a joined up tax strategy? - i.e. basic way to stimulate economy is reduce tax and lower interest rates
Should new bank regulations force variable interest rates to be tracker rates? Why should banks have discretionary power over interest rates within a variable interest agreement?