President Lagarde presents the latest monetary policy! ECB cuts rates again!

uh what part of the decision you know we we had extensive discussions on um all the data that we received all the analysis uh that was produced by by staff and you know we we we tested uh the rational behind the current recovery which is moderate and the pickup in recovery that we expect uh in 205 and 26 and I think the U we were convinced that while consumption is low and has actually weakened it should economically result from the combination of higher net income fading monetary uh policy impact uh and low inflation it should necessarily result from those forces that consumption and investment actually pick up so we tested all that and we we we discussed and you know some tend to be a bit more pessimistic some are more optimistic but we're really discussing that the rational behind uh those uh those uh Outlook uh numbers that we have for 24 for 25 for 26 and the reason why we're revised by 0 1% 0 1% only uh is really a combination of uh reduced uh net export numbers given the uncertainty and the geopolitical risk that we have going forward and a carryover of the situation that we have now which is reduced uh activity because consumption has been lower than we had anticipated but as I said we are going to assess each and every time along the way uh all the data that come in and and uh see that we continue to reach our Target in a timely man

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