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ECB's Lagarde: Future rate hikes open amid banking turmoil

Summary by Ground News
European Central Bank President Christine Lagarde says future interest rate decisions are open. Lagarde: "Recent financial market tensions have added new downside risks" The open-ended approach is a shift from the ECB's earlier stance of clearly indicating more rate hikes. The failure of Silicon Valley Bank in the U.S. has sent shudders through financial markets.

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abc News broke the news in United States on Wednesday, March 22, 2023.
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