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(CEP News) - European Central Bank (ECB) President Jean-Claude Trichet said Thursday that a global economic recovery could begin in 2010 and that he is confident there is a worldwide consensus on the correct path towards it.
He also said the ECB will start to look at non-conventional measures to bolster the euro zone economy, and more details will be released at the central bank's next meeting in May. For now, G20 leaders must act swiftly to buoy their economies, he said, adding that policymakers have the determination to move quickly if required. Trichet refused to comment on interest rates, but did comment that money-market rates in Europe are lower than those in the United States. The ECB cut rates by 25 basis points to 1.25% at its meeting last Thursday. By Megan Ainscow,
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; edited by Nick Say,
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