ECB President Christine Lagarde's Stance on Interest Rates

In a recent press conference, European Central Bank (ECB) President Christine Lagarde expressed her skepticism about the likelihood of a 50 basis points interest rate cut at the upcoming January meeting. Lagarde emphasized that her position could shift based on future data and assessments.

She reiterated that the ECB does not commit to a specific rate path in advance, highlighting the need for clarity on political uncertainties in European countries and the outcomes of the US elections. Lagarde concluded by stating that the ECB will not anticipate specific outcomes for its next monetary policy decision.