| End-of-day quote Chicago Board Of Trade 19:19:55 17/07/2024 BST | 5-day change | 1st Jan Change | ||
| 14.44 USD | +0.21% |
|
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| 07-17 | Venezuela's rice, corn production rise as buyers loan farmers supplies | RE |
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WASHINGTON (Reuters) - The International Monetary Fund welcomed a decision by the European Central Bank on Thursday to keep interest rates unchanged, saying the bank's strategy had helped improve credit conditions and support a firm recovery of output.
"The ECB's removal today of the possibility of further reductions to key policy interest rates reflects diminishing deflation risks while maintaining the commitment to very substantial monetary accommodation," IMF spokesman Gerry Rice told reporters.
(Reporting by Lesley Wroughton)
