Has the battle against inflation been won?
Christine Lagarde. Leiterin der EZB, senkt den Leitzins Source: AAP
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The European Central Bank is doing what the Australian Central Bank is reluctant to do: the ECB is once again cutting the key interest rate. This inspires the stock exchange in Australia. An unusual reaction, you could say, because the economy here is virtually at a standstill. Dr. Klaus Wiegel, financial expert in Melbourne, assesses the development.
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