ECB top official sees interest rate cut below 0.25%

The European Central Bank top officials commented on Tuesday that the bank may need to weaken the euro-area currency as inflation in the region is still at the weakest level in the Euro-era mainly due to the currency strength.  Benoit Coeure claimed today that the benchmark interest rate needs to be cut below a level of 0.25% as the inflation recorded 0.5% last month.