ECB to cut rates again, with a nervous eye on Trump

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Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said last week in an interview with CNBC at the World Economic Forum in Davos.