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ECB cuts rates again, Lagarde backs EU reform call

By Inquirer - 2 months ago
Frankfurt, Germany — The European Central Bank cut its key interest rate again Thursday as inflation cools while president Christine Lagarde urged EU governments to institute sweeping reforms proposed in a “formidable” report by her predecessor Mario Draghi. The Frankfurt-based central bank reduced its key deposit rate a quarter point to 3.5 percent, as expected,

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