Photo: Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on December 14, 2023. Photographer: Alex Kraus/Bloomberg. Christine Lagarde, president of the ECB, at a rates decision news conference in Frankfurt, Germany, on December 14, 2023. Photographer: Alex Kraus/Bloomberg.

Today, the European Central Bank (ECB) delivered the interest rate reduction it's been flagging for months—moving away from a record high—but stopped short of indicating that more may follow.

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