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European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision.
The European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month and downgraded its growth forecasts.
Following its latest monetary policy meeting, the Governing Council announced that it intends to raise its key interest rates by 25 basis points at its July meeting.
This article was originally published by Cnbc.com. Read the original article here.