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Euro, Bond Yields Edge Higher After ECB Interest-Rate Decision
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The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. It raised its 2025 inflation forecast, cut its annual eurozone growth forecasts through next year, and warned about the risk of trade tensions. One major caveat: Its forecasts were made before Germany and the European Commission announced plans to aggressively increase defense expenditure.