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FILE - A man rows along the Main river, with the European Central Bank, right in background, in Frankfurt, Germany, Tuesday, April 9, 2024. Markets are waiting to hear what European Central Bank President Christine Lagarde has to say about the timing of a first interest rate cut. Analysts say the bank isn't likely to change rates at its policy meeting Thursday. (AP Photo/Michael Probst, File)
Christine Lagarde, right, President of the European Central Bank (ECB), arrives for a press conference together with Vice President Luis de Guindos, left, at the ECB headquarters in Frankfurt, Germany, Thursday, April 11, 2024. The European Central Bank is leaving its key interest rate benchmark unchanged, choosing to wait for confirmation that rapidly receding inflation is firmly under control before cutting rates to support an economy that’s struggling to grow. (Arne Dedert/dpa via AP)