Rates had to be lowered in the Eurozone. This was said by Piercarlo Padoan, deputy secretary general and chief economist of the OECD, who, as a guest on Radio1 Rai's "The economy first of all", commented on yesterday's ECB decisions: "There is room to lower rates in the euro zone”, adding that “according to the OECD, a similar choice should perhaps have already been made”.
According to Padoan, "Draghi's words yesterday seem to allude to precisely this, that is, an imminent cut in the cost of money".
