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ECB to opt for summer pause after initial rate cut
The European Central Bank is expected to leave interest rates unchanged Thursday, giving the eurozone time to digest last month’s first cut since 2019 as the inflation path remains unpredictable. ECB governors lowered the closely-watched deposit rate from a record four percent to 3.75 percent at their June meeting, following an unprecedented campaign of monetary tightening to tame red-hot inflation. ECB president Christine Lagarde said the cut was made possible thanks to steadily falling consumer prices. But she stressed it would not automatically kick off a rapid rate-cutting cycle. Speaking in Portugal’s Sintra ... (full story)
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- Posted: Jul 15, 2024 2:31am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,108
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