Normal
European Central Bank lowered the key cash deposit rate by a quarter-point to 3.75 per cent on Thursday, as expected.Lagarde told reporters that the inflation outlook has improved “markedly” and said there’s a “strong likelihood” that the ECB is shifting into a “dialling-back phase”. But she declined to confirm that such a change of gear has now happened.“The governing council will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction,” the ECB said in a statement. “The governing council is not pre-committing to a particular rate path.”
European Central Bank lowered the key cash deposit rate by a quarter-point to 3.75 per cent on Thursday, as expected.
Lagarde told reporters that the inflation outlook has improved “markedly” and said there’s a “strong likelihood” that the ECB is shifting into a “dialling-back phase”. But she declined to confirm that such a change of gear has now happened.
“The governing council will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction,” the ECB said in a statement. “The governing council is not pre-committing to a particular rate path.”
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