The European Central Bank (ECB) has signaled its readiness to cut its policy rate for the second time this year after its last monetary policy meeting, amid continued slowdown in eurozone inflation and a still-fragile economic recovery. The move is expected to boost investment and consumption in a region that is slowly recovering from global economic pressures and geopolitical tensions. The final decision will depend on key economic data due next week, but several ECB governors have expressed unanimity about the need for easing monetary policy to support growth.
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