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Piero Cingari

ECB hits pause button: Here’s why Lagarde isn’t rushing things

Christine Lagarde ECB United States Inflation Euro the European Central Bank European Union

After a year of uninterrupted rate cuts, the European Central Bank (ECB) hit the pause button on Thursday, with President Christine Lagarde saying Frankfurt is now in a good place as inflation returns to target.

In a unanimous decision, the Governing Council kept interest rates unchanged, holding the deposit facility rate at 2%.

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