Free Trial

MNI BRIEF: ECB January Cut Unanimous, No 50Bp Cut Talk-Lagarde

ECB rate cut saw no objections and rates remain in restrictive territory, Lagarde says.

MNI (LONDON) - The European Central Bank's decision to cut rates on Thursday was unanimous and interest rates "remain in restrictive territory," President Christine Lagarde said. 

However, while confirming the direction of policy travel was clear, Lagarde said it was "premature" to discuss an end point for rate reductions. Policymakers did not discuss picking up the pace of rate cuts to 50 basis points, she said.

Keep reading...Show less
115 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (LONDON) - The European Central Bank's decision to cut rates on Thursday was unanimous and interest rates "remain in restrictive territory," President Christine Lagarde said. 

However, while confirming the direction of policy travel was clear, Lagarde said it was "premature" to discuss an end point for rate reductions. Policymakers did not discuss picking up the pace of rate cuts to 50 basis points, she said.

Keep reading...Show less