News Summary: ECB official cautions on rate cuts

Associated Press
News Summary: ECB official cautions on rate cuts

FILE - In this April 23, 2010 file picture German Deputy Finance Minister Joerg Asmussen, right, and Axel Weber, then governor of the central bank of Germany, the Deutsche Bundesbank, brief reporters on their work at at the IMF-World Bank meetings in Washington. A top European Central Bank official, Joerg Asmussen, warned Thursday April 25, 2013 that another interest rate cut might not be much help for eurozone countries in recession — because already low rates are not getting through to businesses and consumers. (AP Photo/J. Scott Applewhite, File)

View Comments (0)