Here's what we now know about the European Central Bank's rate cut plans

The European Central Bank announced a quarter-point interest rate cut this week, with indications pointing towards further reductions in early 2022. ECB President Christine Lagarde highlighted concerns about services inflation but noted improvements in the inflation picture and added upside risks. The most dovish meeting of the current cycle also included lower projections for economic growth and inflation rates, as well as the removal of the message to keep policy rates restrictive.

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