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Two to Tango
- The ECB Governing Council meeting for June, so I'll central bank lower interest rates for 4th consecutive time this year.
- The Governing Council's decision to lower rates was informed by the latest set of detailed macro staff forecast.
- Nonetheless The ECB also commented that it views the risk to the economic outlook as remaining tilted to the downside.
- Given the heightened trade uncertainty at present, this may be the last cut for some time from the ECB.
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