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Economic news
22.10.2024

ECB's Governing Council member Knot: Falling interest rates should make debt-serve burdens a little more sustainable

European Central Bank Governing Council member Klaas Knot stated on Tuesday that the financial system held up in the face of aggressive interest rate hikes by top central banks to battle high inflation. He added that falling interest rates should make debt-serve burdens a little more sustainable.

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