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The ECB expressed doubts about the interest rate cut

July, 05 2024

The minutes of the ECB's June meeting revealed differences in views on rate cuts. Earlier, the head of the regulator, Christine Lagarde, said that only one member of the council opposed the reduction of interest rates last week – the governor of the Central Bank of Austria, Robert Holzman. However, the published document showed that not all council members agreed with the ECB's recent decision to cut the rate.They believed that wage growth and steady inflation did not require a change in rates. ... Read More

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