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Juncker says ECB rate cut was "good decision"

Thu Dec 4, 2008 8:37am EST

LUXEMBOURG, Dec 4 (Reuters) - Eurogroup Chairman Jean-Claude Juncker said the European Central Bank had made a good decision in cutting interest rates by a record 75 basis points to 2.50 percent on Thursday.

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"The decision taken by the ECB is good. The ECB is delivering an excellent job," Juncker told a joint news conference with European Commission President Jose Manuel Barroso in Luxembourg.

Asked whether he saw any risk of deflation in the 15-country euro zone, Juncker said: "I don't think so." (Reporting by Marcin Grajewski, editing by Dale Hudson)

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