ECB will keep cutting rates and focus shifting to growth, VP says

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FRANKFURT (Reuters) – The European Central Bank will keep cutting interest rates as inflation falls and its focus is slowly shifting to growth, which is proving fragile, ECB Vice President Luis de Guindos told a Finnish newspaper.

“Concerns about high inflation have shifted to economic growth,” Helsingin Sanomat quoted de Guindos as saying. “The trajectory of our monetary policy is clear – if our projections are confirmed, we will continue making our monetary policy stance less restrictive.”