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MNI BRIEF: Disinflationary Process 'Well On Track' - Lagarde

Incoming data helped push latest rate cut, Lagarde says.
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MNI (LONDON) - The disinflationary process is well on track and was a main reason behind the ECB's decision to cut key interest rates, ECB President Christine Lagarde said on Thursday.

Speaking after the ECB cut rates for a second consecutive meeting, Lagarde said "All information that we received were heading in the same direction. Whether you look at PMI, employment, if look services, it’s the same story, all heading in the same direction."

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MNI (LONDON) - The disinflationary process is well on track and was a main reason behind the ECB's decision to cut key interest rates, ECB President Christine Lagarde said on Thursday.

Speaking after the ECB cut rates for a second consecutive meeting, Lagarde said "All information that we received were heading in the same direction. Whether you look at PMI, employment, if look services, it’s the same story, all heading in the same direction."

Keep reading...Show less