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ECB to signal no rush to cut interest rates

From brecorder.com

European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation. The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes to tame runaway prices, leaving the benchmark deposit rate at four percent. ECB president Christine Lagarde said last week rates had likely reached their peak but that it was too soon to “shout victory” on inflation, citing economic uncertainties and the possible impact of rising wages on price pressures. She also pushed ... (full story)

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  • Category: Fundamental Analysis