Tue. Dec 24th, 2024

ECB’s Lagarde to Cut Rates but Cautious on Future

European Central Bank President Christine Lagarde is expected to announce a rate cut on Thursday, but she will likely offer cautious guidance on future moves, according to Bloomberg’s report. The ECB is set to reduce its deposit rate by 10 basis points to -0.5%, as the economy faces a slowdown and inflation remains below target. However, Lagarde may stress the need for continued monetary support while avoiding any commitment to further easing.

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