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Christine Lagarde: European Central Bank Must Avoid a 'Hasty Decision'
Posted
February 15, 2024
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February 15, 2024
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0:24Now PlayingEuropean Central Bank President Christine Lagarde cautioned against rushing into interest-rate cuts as rising salaries become an ever-more significant driver of inflation. Officials in Frankfurt appear torn between an initial cut in April or June, though a majority has publicly backed the later date, keen to get more clarity on the development of salaries and corporate profits in the 20-nation euro zone.
She spoke in front the European Parliament Committee on Economic and Monetary Affairs in Brussels.
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