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ECB cuts interest rates again amid sluggish eurozone growth
European Central Bank policymakers have decided to lower interest rates by a quarter percentage point, a third such cut this year as inflation across the 20-member eurozone came down to 1.7 percent in September. ECB President Christine Lagarde says that while the bank does not expect a recession, downside risks remain amid heightened geopolitical tensions. Plus, China announces a fresh stimulus package to prop up its faltering property sector.
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By FRANCE 24 English
5
44 ratings
European Central Bank policymakers have decided to lower interest rates by a quarter percentage point, a third such cut this year as inflation across the 20-member eurozone came down to 1.7 percent in September. ECB President Christine Lagarde says that while the bank does not expect a recession, downside risks remain amid heightened geopolitical tensions. Plus, China announces a fresh stimulus package to prop up its faltering property sector.
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