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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Lane kept the ECB’s options for September open however by saying that a return to the 2% target “is not yet secure.” ECB head Christine Lagarde has said the bank will decide rates meeting by meeting based on incoming data about the economy at the time.
Inflation dropped to 2.2% in Europe, clearing way for European Central Bank rate cut in September
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