1. The Bundesbank central council meets tomorrow to debate interest-rate and monetary policy. 2. The main community-relations agencies maintain a central council through which they coordinate their policies. 3. There would thus now be nine Land seats on the Bundesbank central council, and eight full-time directors. 4. Anticipation that the German Bundesbank will cut rates when its policy-making central council meets for the last time this year on Thursday was the main impetus. 5. As expected, the Bundesbank central council left interest rates unchanged at its meeting today. 6. Members of the central council hinted earlier in the week they would prefer to look at additional data on money supply growth before coming to a decision. 7. Speculation that weakening economic growth could lead to a cut in interest rates this half was boosted by comments from two members of the Bundesbank central council today. 8. The approach fascinates Stiglitz, who argues that trying to impose development strategies from the central councils of the industrial world too often backfires. 9. The Bundesbank central council will consider adjusting interest rates amid concern the German economy may be flagging. 10. The Bundesbank central council will meet tomorrow to discuss interest-rate and monetary policy. |