Irish central bank against rate cut
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Your support makes all the difference.THE IRISH central bank, which must cut rates before the launch of the European single currency in January, said yesterday it would prefer to hold rates steady if it had the choice and that an easing was not the best thing for the Irish economy.
"Given a choice at the present time, we would hold rates rather than reduce them." Maurice O'Connell, governor of the Irish central bank, told state broadcaster RTE.
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