NUERTINGEN, Germany, April 9 European Central
Bank Executive Board member Joerg Asmussen said on Tuesday there
were more downside risks to a recovery of the euro zone economy
in the second half of the year than one or two months ago.
His comments further fuelled expectations that the ECB is
getting ready to cut interest rates further, following last
week's comments by ECB President Mario Draghi that the bank
would "monitor very closely" all data and stands "ready to act".
"There are more downside risks to a recovery in the second
half of the year than four or eight weeks ago," Asmussen said in
a speech in Nuertingen.