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The European Central Financial institution (ECB) is poised to decrease rates of interest additional within the subsequent yr, in accordance with ECB policymaker Francois Villeroy de Galhau.
In an announcement made on Friday, Villeroy expressed consolation with the present market expectations for future charges. His remarks come after the ECB’s choice on Thursday to scale back rates of interest for the fourth time this yr, amid ongoing financial challenges throughout the euro zone.
The central financial institution additionally indicated that it stays open to extra easing measures if obligatory, because the area faces home political instability and the potential impression of a brand new commerce battle with the USA.
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