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International Business Times
International Business Times
Business

ECB Expected To Hold Rates As More Trump Tariffs Loom

The euro has been rising against the dollar (Credit: AFP)

The European Central Bank looks set to keep interest rates unchanged on Thursday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance.

A pause would bring an end to a string of cuts that dates back to September last year, as the ECB progressively lowered borrowing costs in response to sinking inflation.

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