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MNI BRIEF: Growth Risks Tilted To Downside- Lagarde

Risks in both directions for prices and growth, but growth risks tilted to downside - ECB.

MNI (LONDON) - Overall risks to economic growth are tilted to the downside, European Central Bank President Christine Lagarde said on Thursday, after the ECB cut rates for a second consecutive meeting and third time this year.

The geopolitical outlook has risks in both directions for inflation, she added, mentioning factors including the conflict in Ukraine. While upside risks to inflation include food cost concerns from weather events, there are also downside risks. 

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MNI (LONDON) - Overall risks to economic growth are tilted to the downside, European Central Bank President Christine Lagarde said on Thursday, after the ECB cut rates for a second consecutive meeting and third time this year.

The geopolitical outlook has risks in both directions for inflation, she added, mentioning factors including the conflict in Ukraine. While upside risks to inflation include food cost concerns from weather events, there are also downside risks. 

Keep reading...Show less