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Central Banks Grapple With Divergent Paths
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Central Banks Grapple With Divergent Paths
ECB Cuts The European Central Bank (ECB) led the charge with a deposit facility rate cut, emboldened by inflation settling near its 2% target and an improving, albeit gradual, economic recovery within the Eurozone. Lower energy prices, coupled with slower wage growth and a stronger euro, have provided the ECB with the necessary leeway to ease monetary policy. The market anticipates further easing, with expectations of approximately 54 basis poin…
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