Fading German confidence fuels ECB rate cut talk | Bangkok Post: news

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Fading German confidence fuels ECB rate cut talk

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German business confidence took a tumble this month, according to data Wednesday, putting back on the table speculation of a possible interest rate cut by the European Central Bank, analysts said. 

Sculpture of a giant Euro sign pictured in front of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany on March 7, 2013. German business confidence took a tumble this month, according to data Wednesday, putting back on the table speculation of a possible interest rate cut by the European Central Bank, analysts said.

The Ifo economic institute's closely watched business climate index fell to 104.4 points in April from 106.7 points in March.

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