June 06, 2024 13:16 GMT
MNI BRIEF: Confidence in Projections Helped Rate Cut- Lagarde
(MNI) LONDON
(MNI) London
ECB president says growing confidence in projections helping policy decisions.
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The European Central Bank’s decision to cut interest rates on Thursday came as the Governing Council's "overall confidence in the path ahead has increased over recent months," President Christine Lagarde told reporters.
The Governing Council has increasing confidence in its projections, Lagarde said. (see MNI ECB WATCH: Future Rate Path In Focus After June Cut)
ECB Vice President Luis de Guindos will discuss the ECB’s projections and the thinking behind the latest decision at an MNI Connect livestream event on June 12. Registration for the event is here
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