Lagarde press conference concludes. Key takeaway: ECB remains data-dependent but sees disinflation progress as encouraging. No commitment to further cuts beyond March.
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ECB Rate Decision: Live Coverage
Follow along as the European Central Bank announces its latest policy decision.
AzzaLagarde emphasizes that wage growth is moderating faster than expected. This could open the door for additional easing if inflation continues to decline.
AzzaMarket reaction: Euro down 0.4% against the dollar. German 10-year bund yields falling 8 basis points. Equity markets rallying on dovish tone.
AzzaECB cuts rates by 25 basis points as expected. Deposit rate now at 3.00%. Statement notes "inflation has declined substantially" and economic outlook remains weak.
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