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What is ECB Rate Cut and Market Reactions about?

- The ECB cut interest rates by 25 basis points in response to downside risks materializing in the eurozone and expectations that inflation will decline going forward. The markets reacted positively to the rate cut and news that Greece would drop plans for a referendum. - The Greek Prime Minister agreed to resign in favor of a unity government after gaining support for recent austerity measures from the opposition party. This avoided a referendum on EU membership. - Non-farm payrolls data is due out of the

Author
naudaslietas_lv
Language
EN

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