LIVE: ECB's Christine Lagarde Speaks on Interest Rate Decision After Governing Council Meeting |N18G скачать в хорошем качестве

LIVE: ECB's Christine Lagarde Speaks on Interest Rate Decision After Governing Council Meeting |N18G

LIVE: ECB's Christine Lagarde Speaks To Reporters Following Governing Council Meeting | N18G The ECB has cut interest rates by 25 basis points to 2.25% for the 20 nations sharing the euro. It is the seventh easing in the past year as U.S. tariffs and faltering business confidence sap already weak economic growth for the euro zone. The bank also tweaked its language, dropping a previous assessment that interest rates are "meaningfully less restrictive", arguing instead that several factors may weigh on growth now. "Increased uncertainty is likely to reduce confidence among households and firms, and the adverse and volatile market response to the trade tensions is likely to have a tightening impact on financing conditions," the ECB said. "These factors may further weigh on the economic outlook for the euro area," it added. The change comes as interest rates are now at the top end of the ECB's "neutral rate", a level which neither restricts nor stimulates economic growth. The ECB gave little to no hint about future moves, maintaining its standard line that its next decision would depend on the evolution of incoming data and it would stick to its meeting-by-meeting approach. We are due to hear from ECB President Christine Lagarde in around 15 minutes. She is likely to say that the bloc is facing a large hit to economic growth and even if there is an eventual trade deal, the hit to confidence will have a meaningful impact. #ecb #monetarypolicy #europeancentralbank #cnbctv18 #tariff #economy