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ECB Is ‘Near the Bottom’ of Rate-Cutting Cycle, Makhlouf Says

ECB Is ‘Near the Bottom’ of Rate-Cutting Cycle, Makhlouf Says

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European Central Bank Governing Council member Gabriel Makhlouf said the cycle of interest-rate reductions is near its end.
“Relatively speaking, we are near the bottom,” the Irish official told the Financial Times. But “we’re not on a pre-determined path,” he said. “I am pleased with where we are, but we need to pay pretty close attention to what’s going on.”