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European Central Bank Leaves Rates Unchanged Lagarde
Posted
April 11, 2024
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April 11, 2024
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0:59Now PlayingEuropean Central Bank chief Christine Lagarde is striking a less defiant tone on the influence of Federal Reserve policy even as she firms up plans to go it alone with an interest-rate cut.
Despite weeks of debate by colleagues on a path of future easing, the euro-zone monetary president on Thursday refrained from speculating much beyond a prospective move in June — and paid greater lip service than in March to the gravitational pull of events in the US.
“The United States is a very large market, a very sizable economy, a major financial center as well, so all that finds its way into our protections,” Lagarde told journalists in Frankfurt, shortly after insisting that “we are data dependent — we are not Fed dependent.”
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