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ECB does not need to contemplate below-neutral rates now, Latvia central bank chief says

By Yahoo! Finance   |   Oct 25, 2024 at 02:54 AM EST
ECB does not need to contemplate below-neutral rates now, Latvia central bank chief says

The European Central Bank may need to ease policy faster than expected, but not to the extent of stimulating growth, according to Latvian central bank chief Martins Kazaks. Inflation may fall quicker than forecast, but the ECB must remain cautious due to high wage and service prices.

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