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Stock impact report

Rising euro, falling inflation in focus at ECB meeting [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
There is little doubt that the central bank for the 21-nation single-currency area will keep its benchmark rate on hold at two percent for its fifth straight meeting. But a marked strengthening of the euro last week, followed by news that eurozone inflation eased to 1.7 percent in January -- below the ECB's two-percent target -- will invite questions about whether rate cuts are on the horizon. A stronger currency makes imports cheaper, which could drive inflation down even further -- potentially leading consumers to delay purchases, with negative ripple effects across the economy. But a strong euro can also weigh on the eurozone's crucial exporters, particularly Germany, as it makes the cost of companies' goods pricier overseas. It could thus hit the eurozone economy at a time growth is starting to get back on track, potentially undermining efforts to close the gap with China and the United States. ECB President Christine Lagarde has at recent meetings emphasised that the c Show less Read more
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