The European Central Bank is focusing on reducing its balance sheet

Christine Lagarde, President of the European Central Bank.

Bloomberg | Bloomberg | Getty Images

FRANKFURT – The European Central Bank is meeting this week with investors watching closely to see when the Frankfurt institution might start cutting interest rates.

It will be too early to declare victory in the battle against inflation, but with inflation at its lowest levels in two years, this will certainly give the ECB’s Governing Council some breathing room to focus on another important issue: its massive balance sheet.

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