Unanimous Decision on Rate Cut

European Central Bank (ECB) President Christine Lagarde announced on Thursday that the Governing Council reached a unanimous decision to reduce interest rates by 25 basis points. Notably, there was no suggestion from any member to implement a more significant 50-point cut.

Impact of Tariffs on Inflation Remains Unclear

Lagarde chose not to detail the potential effects of tariffs on inflation, highlighting that "many decisions and implementations" are still pending. She emphasized that the overall impact would only become evident over time.

Anticipation for Further Developments

With more information expected to be released, stakeholders are keenly awaiting further updates from the ECB regarding future monetary policy adjustments.