ECB’s Panetta: Time for an interest rate cut is fast approaching
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The European Central Bank (ECB) Governing Council member Fabio Panetta said on Saturday that the moment is fast approaching for the central bank to cut interest rates, and timely and gradual steps could help to reduce ensuing volatility in financial markets and the economy.
At the time of writing, the EUR/USD pair is trading high at 1.0798, adding 0.11% on the day.
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