ECB cuts rates again, keeps door open to further easing

Lagarde warns that trade frictions could weigh on growth

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"The disinflation process is well on track," ECB President Christine Lagarde told a press conference."  © Reuters

FRANKFURT, Germany (Reuters) --  The European Central Bank cut interest rates for the fourth time this year on Thursday, by quarter of a percentage point, and kept the door open to more as growth is hit by political instability at home and the threat of a fresh U.S. trade war.

The ECB has been easing policy as inflation worries largely evaporate and the debate shifts to whether it is cutting rates fast enough to support an economy that is lagging global peers.

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