Lagarde: ECB worried on growth but confident inflation is on track
The ECB has cut rates by 0.25% to 3%, citing progress toward its 2% inflation target and warning of downside growth risks. Lagarde noted signs of slowing momentum and weak investment. A larger cut was debated, but consensus formed around 25 basis points. Policy remains data-driven.
Source: Euro News, Thu, 12 Dec 2024 16:43:16 +0100