Bank President Christine Lagarde said that efforts to drive down inflation toward the ECB's 2% target were succeeding, making room to cut rates.
ECB cutting rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
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Lagarde said that she she didn't expect the eurozone economy overall to fall into recession, though she did note the downside risks that could emanate from the conflict in the Middle East and any new tariffs that Donald Trump may impose on European goods should he become U.S. president again.
European Central Bank, seeing no signs of recession, lowers interest rates again
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