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Mohamed El-Erian: ECB Cut Interest Rates, But the Fed Is Still in Charge

European policymakers will find their hands are tied by the threat of currency market volatility. The European Central Bank joined the Bank of Canada in initiating an interest rate-cutting cycle this week, and they should be followed over the next few months by policymakers in the US and UK. While domestic economic developments compelled

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Posted: June 6, 2024 Thursday 09:40 AM