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Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction

Rowland family’s Banque Havilland faces loss of licence over alleged compliance and anti-money laundering failings

Minutes show central bank’s governing council recognised need to avoid ‘unwarranted loosening of financial conditions’

Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s Raiffeisen

Eurozone consumer inflation expectations decline to lowest level since Russia’s invasion of Ukraine

Investors say further increase unlikely given near-stagnation of eurozone economy

Officials say US rules would increase minimum capital levels by double-digit percentage for biggest EU banks

The results contrast with high marks given to predecessors Mario Draghi and Jean-Claude Trichet in past studies

Officials brush off concerns about transatlantic divergence and expect looser monetary policy from June

Chief economist Philip Lane says focus on latest economic data will ebb