Eurozone rate cut hopes boosted by ECB report

GERMANY - The ECB's monthly bulletin released Thursday appeared to increase the likelihood of a future rate reduction on the back of comments made by Win Duisenberg last week.

Hopes for an interest rate cut in the eurozone grew on Thursday after the European Central Bank highlighted sluggish growth and predicted lower medium-term inflation, the Financial Times reported.

The bank disappointed investors last week when it left rates at 3.25 per cent for a twelfth consecutive month, but dovish comm

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