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ECB to deliver fresh rate cut as inflation cools
ECB to deliver fresh rate cut as inflation cools
Economy
by  AFP

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves. The central bank has in recent times insisted it will not foreshadow its future moves, and will rely solely on incoming data.

Asian markets tumble as US jobs data stoke recession fears
Asian markets tumble as US jobs data stoke recession fears
Economy
by  AFP

Asian markets tumbled Monday after another batch of worse-than-expected US jobs data revived fears about a possible recession in the world's top economy. "The current batch of data no longer requires patience, it requires action," he warned, while adding that he did not think the economy was in recession or headed for one.