Eurozone inflation rates continue to fall and growth in the single currency economy remains sluggish, thus allowing for a gradual reduction in interest rates, European Central Bank Governing Council member Martins Kazaks said on Monday.
The ECB has lowered interest rates thrice this year, the latest being the 25 basis points cut this month, and is widely expected to announce another reduction in December as policymakers grow increasingly worried over the euro area growth.
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by Jyotsna V
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