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flag ECB set to cut interest rates amid concerns over eurozone economy and inflation.

flag The European Central Bank (ECB) is expected to cut borrowing costs by a quarter point to 2.75% this week, marking its fourth reduction in a row. flag Despite recent inflation rising to 2.4%, the ECB aims to reach its 2% target this year. flag This move comes as the US Federal Reserve is expected to keep rates steady. flag The ECB's actions reflect concerns over the weakening eurozone economy and potential inflation undershooting.

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