At its meeting on 7 November, the Governing Council took a number of decisions on key ECB interest rates, forward guidance and liquidity provision.
A number of assumptions have been adopted for the projections presented in the World Economic Outlook(WEO).
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 5 September to keep the key ECB interest rates unchanged.
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 1 August to keep the key ECB interest rates unchanged.
Interviewee: Marcus Noland, Senior Fellow, Director of Studies, Peterson Institute for International Economics
Interviewer: Bernard Gwertzman, Consulting Editor
August 14, 2013
After threatening South Korea and the United States with preemptive nuclear strikes last spring, North Korea has tamped down its rhetoric and looks poised to reopen the Kaesong industrial complex, says Korea expert Marcus Noland. Closed unilaterally by Pyongyang in April, the joint industrial park has been "the centerpiece of North/South economic cooperation," he explains. But despite its gesture of reconciliation, North Korea still faces tremendous credibility problems, says Noland. "The idea that you can just engage in this arbitrary and capricious behavior, harm the economic interests of your partners, and then just say, 'Let's all be friends,' is not persuasive."
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