Breaking news.. Live coverage of the press conference by European Central Bank Governor Christine Lagarde.
After the European Central Bank's decision on Thursday to reduce the main interest rates by 25 basis points, bringing the refinancing rate to 3.15% from 3.40%, a press conference was held led by the bank's governor, Christine Lagarde, along with Vice Governor Luis de Guindos. The key statements made during the conference are as follows:
First: Lagarde reads the interest rate statement:
- The European Central Bank has decided today to cut interest rates by 25 basis points.
- This decision is based on our assessment of the updated inflation forecasts.
- The process of easing inflation is on the right track.
To be continued
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