Indicators
Lagarde Says ECB Nearing End of Cycle After Eighth Rate Cut
Takeaways by Bloomberg AI
The European Central Bank is coming to the end of its campaign of interest-rate cuts following the eighth reduction in a year, according to President Christine Lagarde.
With the euro zone suffering repeated blows from US tariffs, the deposit rate was lowered by a quarter-point to 2% on Thursday — as predicted by all analysts surveyed by Bloomberg. The ECB described inflation as “currently at around” its 2% target.