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Dijsselbloem Sees Low European Interest Rates for Longer Time

  • U.S. is further ahead in the economic cycle than Europe
  • ECB’s next interest-rate decision is in Frankfurt on Sept. 8
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Dijsselbloem: Recovery Still Progressing in Europe

European inflation and interest rates will be low for a longer period of time, said Jeroen Dijsselbloem, who heads the Eurogroup of euro-area finance ministers.

“Interest rates have been going down for 20 years. And due to a number of circumstances, among which is technological developments, aging, energy prices, I think interest rates and inflation will be low for a longer time,” Dijsselbloem, who is also the Dutch finance minister, said in a Bloomberg Television interview in Italy on Friday. “We have to readjust to that new reality.”