Unanimous Decision on Rate Cut

European Central Bank (ECB) President Christine Lagarde announced on Thursday that the Governing Council's decision to reduce interest rates by 25 basis points was unanimous. Contrary to some speculation, there was no suggestion from any member to implement a more aggressive 50-point cut, despite recent debates over the pace of adjustment.

Future Inflation and Tariffs

Lagarde chose not to detail the potential impact of tariffs on inflation, pointing out that "many decisions and implementations" are pending. She emphasized the need for clarity over time to understand the net effect fully.

ECB's Data-Dependent Approach

Highlighting the ECB's commitment to price stability, Lagarde stressed the importance of being data-dependent "more than ever." She affirmed the central bank's readiness to employ all necessary tools to achieve its inflation targets.