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ECB’s Lagarde: Inflation Target at 2% is Not a Ceiling

European Central Bank President Christine Lagarde has said that the new 2% symmetric inflation target means that level is not a ceiling. The ECB abandoned its “below, but close to 2%” target in its strategic review published earlier.

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Asian Markets Retreat as U.S.–China Trade Tensions Resurface; Japan and China Lead Declines

Most Asian stock markets extended losses on Thursday, dragged down by renewed U.S.–China trade tensions …