A decision was reached that a further, coordinated rate reduction to 3 percent was necessary.
More Quotes from Hans Tietmeyer:
I will not talk about this experience. But, as I wrote before today, a signal of intervention by central banks can be an extremely effective move. I am not disapproving in certain situations of joint single intervention.Hans Tietmeyer
The IMF is prepared for the time when there is a satisfactory program available, and that must include the involvement of the private sector,
Hans Tietmeyer
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