ECB statements boost rate cut chances

- Central Banking staff
- 23 May 2003

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Euro-zone central bankers gave what looked like strong hints on Friday for an ECB interest rate reduction in June. The surging value of the euro which went through its launch level on Friday 23 May and data showing inflation retreating will be taken "into account" said ECB Governing Council Member, Jaime Caruana.

Source: Reuters

European Central Bank policymakers on Friday sent the clearest signals yet that a soaring euro and lower inflation provide room for easier credit, virtually sealing an

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