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Lagarde: Too soon to halt rate cuts

22:31

Lagarde: Too soon to halt rate cuts
Source: Wikicommons

European Central Bank (ECB) President Christine Lagarde stated that discussions on stopping interest rate cuts are premature. Following its January 29-30 meeting, the ECB lowered key rates by 25 basis points, bringing the deposit rate to 2.75%. Lagarde reaffirmed confidence in inflation reaching 2% in 2025 but warned of economic uncertainty.

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