The OECD favours "a further easing in the euro area of the ECB's 1.0% rate

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The OECD favours "a further easing in the euro area of the ECB's 1.0% rate

FRANK RUMPENHORST

The Euro sculpture in front of the European Central Bank in Frankfurt. The ECB should cut interest rates further and the EU take bloc-wide measures to boost growth and ease the fiscal adjustment in the eurozone where crisis risks are intensifying, the OECD said on Tuesday.