Weekly Focus – Central Banks Opt for Cautious Tone as Growth Falters

<p>As many Europeans continue to enjoy their summer breaks, their mood can be lifted by expectations that peak rates loom in the horizon. In July, the ECB hiked the deposit rate to 3.75%, as expected, but at the press conference, President Lagarde opted for a clearly dovish tone. Service sector, the prime engine for economic [&#8230;]</p>
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