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ECB Rate-Cut Momentum Seen Ebbing as Draghi Musters Meeting

From bloomberg.com

Euro-region economic reports in the past month turned out reassuring enough to convince most economists that Mario Draghi doesn’t need to cut interest rates this week. With data on growth, inflation and economic sentiment all exceeding estimates, only about a quarter of forecasters in a Bloomberg News survey say the European Central Bank president and colleagues will reduce the benchmark rate from the current record-low 0.25 percent. Policy makers announce their decision in Frankfurt on March 6. Draghi last week reiterated his stance that the ECB remains “alert” to risks from low inflation and stands “ready to act.” ... (full story)

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