Global Economic News

Lagarde Says ECB May Hold Rates Steady For More Than One Meeting

Eurozone interest rates are likely to remain unchanged for sometime as the European Central Bank President Christine Lagarde said restrictive policy has not ended and the bank may wait several meetings before easing rates again.

Interest rates may not follow a linear downward path, Lagarde said in Paris in a joint interview to several European newspapers including Les Echos, Expansion, Il Sole 24 Ore and Handelsblatt.

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by Jyotsna V

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