European Central Bank Chief Economist Lane: Further interest rate cuts may be necessary to ensure economic growth
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European Central Bank Chief Economist Philip Lane stated that to ensure economic growth and price stability, further interest rate cuts and more monetary easing may be implemented. He pointed out that without policy adjustments, the inflation target would be at risk. Although the inflation rate rose to 2.4% in December, it is expected that consumer price increases will reach the target. The Eurozone's economic growth is slow and faces multiple risks, particularly the economic weakness and political turmoil in Germany and France
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