President Christine Lagarde reiterated that the European Central Bank isn’t discussing cuts in interest rates — having raised them this week to what investors and economists believe is the peak.
reiterated that theisn’t discussing cuts in interest rates — having raised them this week to what investors and economists believe is the peak.
Lagarde told reporters Friday after a meeting of the Eurogroup that the level of borrowing costs and the length of time they stay elevated “will matter significantly,” without elaborating.
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