German economic institutes say the ECB should cut rates to 0.5%

The German Economic Research Institutes are calling on the ECB to cut rates to 0.5 % rather than the floor of 1.0% which the ECB are currently leaning towards. They also estimate that German exports will fall 22.6% in 2009 and that Eurozone inflation will fall by 0.1% in 2009 and 0.2% in 2010.