Central Banking

Duisenberg can draw satisfaction from G7 meeting

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For European Central Bank President Wim Duisenberg, Feb 17 meeting with the G7 godfathers of global finance in Palermo must have been a thoroughly satisfying experience. None of the finance ministers from the Group of Seven leading industrial countries put him under pressure to cut interest rates, even though the ECB is the only top central bank to have refrained from lowering rates in 2001.In addition, a new forecast from the International Monetary Fund confirmed that the euro zone is set to

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