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ECB makes major announcement regarding key interest rate: potential reduction anticipated.

On Thursday, the European Central Bank's Governing Council will discusss monetary policy in the eurozone, which is expected to include a potential cut in key interest rates. Led by Christine Lagarde, the ECB may lower its rates by 0.25 percentage points, making it the first major central bank...

ECB President Lagarde
ECB President Lagarde

ECB makes major announcement regarding key interest rate: potential reduction anticipated.

Since June 2022, the ECB has increased interest rates ten times due to high inflation. Now that inflation is decreasing, it's possible we'll see reductions in interest rates. However, it's essential to pay attention to the ECB's language about future actions and their perspective on inflation. While some think a rate cut is unlikely during the next meeting in July, others may have a different opinion.

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