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European Central Bank Governing Council member Fabio Panetta said the time is right for an interest-rate cut next month. “I believe we have the conditions for a change in monetary policy” at the June 6 decision, Panetta told reporters in Stresa, Italy. “We have our mantra of deciding meeting by meeting, but I do believe that the consensus has widened and ...
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Despite nascent nearshoring trade expectations, the Mexican economy will be challenged by a welter of economic issues during the second half of 2024. The most notable is a still-restrictive interest-rate environment even as Banco de México has begun easing monetary policy, a strong peso and soaring labor costs. Potential economic softening in the U.S. ...
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