ECB Cuts Rates

Via the BBC:  ECB cuts interest rates to 1.25% (down from 1.5%, where it has been since being raised in July).

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Steven L. Taylor
About Steven L. Taylor
Steven L. Taylor is a Professor of Political Science and a College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog). Follow Steven on Twitter


  1. Ben Wolf says:

    The rate cut will have an effect somewhere in the range of zero to nothing. Monetary policy is simply not capable of addressing the EMU’s problems.

    Sorry Mr. Friedman.