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European Central Financial institution President Christine Lagarde is giving a press convention following the financial institution’s latest monetary policy decision.
Follow CNBC’s ECB live blog here.
The European Central Financial institution introduced a 25-basis-point rate of interest reduce on Thursday, as anticipated, in its fifth discount for the reason that central financial institution started easing financial coverage in June final yr.
The discount brings the ECB’s deposit facility, its key price, to 2.75%. Markets had been pricing in an over 90% probability of a 25-basis-point reduce forward of the announcement.
Christine Lagarde,European Central Financial institution,Markets,Economic system,Central banking,Banks,EUR/USD,London,Costs,enterprise information
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