ECB boss also managed to say ‘tariff’ only once, preferring to talk about ‘trade tensions’
European Central Bank president Christine Lagarde. Photo: Reuters
Interest rate cuts of a quarter percentage point are now such a normal conclusion to meetings of the European Central Bank’s governing council, that it’s easy to forget other outcomes are possible.
Until just a few weeks ago, the ECB president Christine Lagarde explained after yesterday’s reduction of the key rate to 2.25pc, “several governors would have argued in favour of a skip” – a pause in the sequence of seven interest-rate cuts since last June.
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