| 1 | That partly reflects the extraordinary help that the European Central Bank and other central banks are still offering. | |
| 2 | The question is, what bearing should all of this have on policy at the Federal Reserve and the European Central Bank? | |
| 3 | The central banks have become the people' s friends, with even the European Central Bank cutting interest rates. | |
| 4 | Yet the country' s central bank governor, Andres Lipstok, will now be able to take a seat on the European Central Bank' s powerful council that sets interest rates. | |
| 5 | In some cases the fault lies with monetary policy: the European Central Bank should reverse its recent rate rises. |
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