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ECB’s Mersch: Euro-zone slowdown broadly according to expectations

ECB governing council member Yves Mersch was out with some feedback within the final hour, attempting to offset Mario Draghi’s in a single day dovish feedback, and mentioned that the current slowdown within the area’s financial exercise was broadly according to expectations. 

Financial fundamentals stay unchanged and a slowdown doesn’t imply that the economic system is falling into recession, Mersch added additional.

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