OECD urges ECB to start quantitative easing

Article reports that the Organisation for Economic Co-operation and Development urged on the 31 March 2009 the European Central Bank to cut interest rates closer to zero and begin quantitative easing, as it forecast a deeper recession in Europe and Japan than in the US and UK.

The Economist, No.8624, 28.3.09: The European Central Bank. Liquidity carrier http://www.economist.com/finance/displaystory.cfm?story_id=13382289

OECD: Press Release, 31.3.09: GDP to plummet 4.3 percent across OECD countries in 2009 as unemployment climbs sharply http://www.oecd.org/centrodemexico/medios/42476264.pdf

OECD: Economic Outlook http://www.keepeek.com/Digital-Asset-Management/oecd/economics/oecd-economic-outlook-volume-2011-issue-2_eco_outlook-v2011-2-en

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