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ECB sticks to inflation fighting even as rate cuts loom

By: The Bengaluru Live

Date:

January 26, 2024 1:26 AM

The European Central Bank held interest rates at a record-high 4% on Thursday and reaffirmed its commitment to fighting inflation even as the time to start easing borrowing costs approaches. The ECB ended its fastest-ever cycle of rate hikes in September and it has been adamant, including on Thursday, that it is too soon to discuss a reversal, since price pressures have not been fully extinguished and many wage negotiations have yet to conclude.

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