The European Central Bank (ECB) may reduce interest rates further as eurozone inflation drops close to its 2% target, according to policymaker François Villeroy de Galhau. With inflation easing and economic growth slowing, the ECB sees room for gradual rate cuts, possibly starting in June. Villeroy emphasized a data-driven approach amid external pressures like U.S. tariffs, while affirming that the eurozone is not facing a recession, and monetary policy flexibility remains essential.
The 2025 Canadian federal election, held on April 28, marked a significant shift in the nation's political landscape. Amid escalating tensions with the United States and domestic challenges, Canadians elected Mark Carney, former central banker, as Prime Minister, leading the Liberal Party to a fourth consecutive term. Although the Liberals secured 168 seats - just shy of the 172 needed for a majority - they will continue governing as a minority, potentially seeking support from smaller parties.
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