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07.23.2021 23:14
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ECB pledges low rates, warns about Delta variant's impact

"In our recent strategy review we agreed a symmetric inflation target of 2% over the medium term. Our policy rates have been close to their lower bound for some time and the medium-term outlook for inflation is still well below our target. In these conditions the governing council today, revised its forward guidance on interest rates," Christine Lagarde -- the ECB President -- said.