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Lagarde Says Aggressive Rate-Cut Bets Don’t Help the ECB
The European Central Bank probably has a consensus among officials that an interest-rate cut will arrive in the summer, according to President Christine Lagarde. Speaking at Bloomberg House in Davos in an interview with Bloomberg Television’s Francine Lacqua, she said that policy makers are “on the right path” in their fight to tame consumer prices, and that it’s their role to say what is likely to happen. “I would say it’s likely too,” Lagarde said. “But I have to be reserved, because we are also saying that we are data dependent, and that there is still a level of uncertainty and some indicators ... (full story)